On Sunday, the Iraqi dinar saw a slight decline against the US dollar in Erbil.The iraq dollar exchange rate while markets in Baghdad and other provinces shut down for Ashura, Erbil’s currency exchange activity continued as usual.
The Iraq dollar exchange rate rose slightly during the session. Sellers in Erbil offered $100 for 141,150 Iraqi dinars. Buyers were purchasing the same amount for 141,000 dinars. This marks a modest upward shift compared to recent averages.
Due to the Ashura holiday, trading in Baghdad and other areas paused. Market closures reduced overall liquidity across much of Iraq, pushing exchange activity toward Erbil, where traders continued operating.
Despite the limited trading window, Erbil’s financial centers stayed active. Traders responded quickly to regional demand and currency supply levels. The Iraq dollar exchange rate in Erbil often reflects real-time shifts when Baghdad remains closed.
Such movement often occurs during national or religious holidays. With a concentrated supply in fewer regions, minor fluctuations in the Iraq dollar exchange rate can result from localized market dynamics.
Analysts expect regular trading to resume once nationwide markets reopen. When that happens, the rate may adjust again based on supply and demand across Iraq’s full financial network.
In previous years, exchange rates during Ashura have remained relatively stable. However, Erbil’s openness during holidays can sometimes cause brief changes. Currency traders keep a close eye on regional differences to anticipate potential trends.
The Central Bank of Iraq did not issue a new bulletin on Sunday. Rates in the informal market continue to guide trading during such holidays. Most expect Baghdad markets to reopen early in the week, returning stability to broader exchange operations.
Citizens and importers often use holiday periods to assess financial trends. Any persistent change in the Iraq dollar exchange rate could affect local prices and purchasing power, especially for imported goods.
While Sunday’s rate shift was not major, it highlights how market closures in one part of Iraq can influence activity in others. Erbil remains a financial hub during such periods.