The US dollar moved higher against the Iraqi dinar on Tuesday. Exchange rates in both Baghdad and Erbil showed small but clear gains.
In Baghdad, the central Al-Kifah and Al-Harithiya exchanges closed at 141,650 dinars for every 100 dollars. In addition, Earlier in the morning, the rate stood at 141,400 dinars. This steady climb shows pressure on the dinar as trading continued.
Currency exchange stores in the capital set their selling rate at 142,750 dinars per 100 dollars. As well as, at the same time, they offered a buying rate of 140,750 dinars per 100 dollars. These shifts reflect ongoing changes in demand and supply.
In Erbil, the market also moved upward. The selling price closed at 141,400 dinars for 100 dollars, while the buying rate reached 141,300. Traders noted the narrow gap between selling and buying, which signals active trading in the market.
The latest movement shows that Iraq dollar exchange rate continues to fluctuate. Despite the modest rise, so both cities remain sensitive to external pressures and local demand.
Observers note that fluctuations in the exchange rate often play a significant role in shaping daily economic activities, particularly in trade and consumer purchasing power.
As a result, many Iraqi citizens keep a close watch on the dollar exchange rate, knowing that any upward or downward shift can directly impact the prices of essential goods, imported products, and overall cost of living.
Given Iraq’s heavy reliance on imported goods and its connection to global financial markets, the exchange rate remains a critical economic indicator. Traders, business owners, and consumers alike monitor these numbers regularly, adjusting their spending and investment strategies accordingly.
A rise in the dollar rate often leads to increased prices for fuel, food, medicine, and other necessities, while a drop can provide temporary relief to household budgets.