The US dollar exchange rate against the Iraqi dinar dropped in Baghdad while showing a slight increase in Erbil, reflecting differing market trends across the country.
The dollar opened lower at Baghdad’s central Al-Kifah and Al-Harithiya exchanges, settling at 141,000 dinars per 100 dollars, down from 141,150 dinars. In local exchange shops across Baghdad, the selling price reached 142,000 dinars for 100 dollars, while buyers paid 140,000 dinars per 100 dollars.
Meanwhile, in Erbil, the dollar recorded a small rise. Exchange shops reported a selling price of 140,800 dinars per 100 dollars and a buying price of 140,700 dinars. Analysts suggest that regional factors and market demand influenced the differing trends between Baghdad and Erbil.
Therefore, the fluctuation in the Iraq dollar exchange rate highlights ongoing variations in local currency markets, which affect both trade and consumer purchasing power. Observers note that exchange rates in Baghdad often respond to central bank policies and liquidity, while rates in Erbil can be influenced by cross-border trade and local supply conditions.
Moreover, market experts emphasize that monitoring the Iraq dollar exchange rate is crucial for businesses and individuals who rely on foreign currency for imports, exports, and daily transactions. The variations between regions reflect a dynamic and responsive currency market.
Despite the decline in Baghdad, the dollar remains a key reference for pricing goods and conducting international trade. The continued attention to the Iraq dollar exchange rate shows its importance for economic planning and financial stability in both central and northern Iraqi markets.