Iraq dollar exchange rates rose steadily in both Baghdad and Erbil markets, reflecting growing market activity. Traders observed the US dollar gain value against the Iraqi dinar as the week progressed. This shift indicates increasing demand for foreign currency and highlights ongoing economic trends.
In Baghdad, the Al-Kifah and Al-Harithiya stock exchanges recorded the US dollar at 141,450 dinars per 100 dollars, up from 141,000 dinars previously. Currency exchange offices in the capital set selling prices at 142,500 IQD and buying prices at 140,500 IQD per 100 dollars. Analysts noted that this fluctuation follows short-term market pressures and international financial movements, which affect Iraq’s currency trading patterns.
Meanwhile, in Erbil, the US dollar gained value as well. Traders reported a selling price of 140,950 dinars for every 100 dollars, while the buying price reached 140,850 IQD. Experts explained that both Baghdad and Erbil markets often move in parallel, though regional factors such as cross-border trade and local demand can create slight differences.
The increase in Iraq dollar exchange rates highlights investors’ growing focus on foreign currency and their concerns about inflation and liquidity. Economic analysts suggest that businesses relying on imports and export payments closely monitor these changes. Furthermore, the rise in the US dollar impacts citizens who exchange currency for travel, education, or personal savings.
Market observers anticipate that Iraq’s dollar exchange rates may continue to fluctuate as international economic conditions evolve. The government encourages transparency and urges traders to follow official rates to avoid discrepancies. Transitioning smoothly between stock exchange values and retail currency rates remains a key goal for maintaining market stability.