Iraq dinar rises again on Wednesday as the US dollar lost ground in major Iraqi currency markets. Exchange rates dropped slightly in both Baghdad and Erbil, reflecting improved local market confidence.
The opening of Baghdad’s Al-Kifah and Al-Harithiya stock exchanges saw the dollar settle at 141,500 dinars per 100 dollars. This marked a decrease from Tuesday’s rate of 142,200. Market observers welcomed the decline, pointing to stronger dinar demand.
Street exchange shops in Baghdad quickly followed the trend. They posted selling prices at 142,500 dinars for 100 dollars. Buyers received 140,500 dinars for the same amount. The gap between selling and buying remained tight.
Meanwhile, Erbil’s currency market also recorded a dip in dollar value. As well as traders in the city set the selling price at 141,250 dinars for every 100 dollars. Buying rates reached 141,100 dinars, showing similar momentum as seen in the capital.
This week, Iraq dinar rises gradually across multiple exchanges. Many traders attribute the gain to recent government measures aimed at tightening currency regulation. These efforts have helped reduce unofficial market speculation and improve transparency.
Furthermore, stable oil revenues and consistent foreign currency supply supported the dinar’s value. Iraq’s central bank has worked closely with exchange houses to monitor flows and ensure fair pricing.
As Iraq dinar rises, importers benefit from better rates when buying goods from abroad. This may lead to lower retail prices and reduced inflationary pressure on consumers.
Currency dealers in both cities reported smooth trading conditions throughout the day. The lower dollar rate encouraged more people to trade dinars, boosting confidence in the local currency.
Market analysts believe the current trend could continue if global oil prices stay stable. A steady stream of export income helps Iraq maintain reserves and manage exchange rate policies effectively.
Although fluctuations still occur, the overall movement this week shows the Iraq dinar rises with market support. Financial experts suggest that further gains depend on continued economic stability and government coordination.
For now, both Baghdad and Erbil show stronger demand for the dinar. Traders expect moderate changes in the coming days as exchange flows balance out.