Dollar prices edged upward across major Iraqi markets as exchange rates saw a modest increase in both Baghdad and Erbil. The rise in value reflects recent fluctuations in local currency markets, where traders continue to monitor demand and central exchange behavior closely.
In Baghdad, the central Al-Kifah and Al-Harithiya exchanges opened with higher rates than the previous day. The US dollar traded at 141,300 Iraqi dinars per 100 dollars. This marked a slight increase compared to the 141,200 dinars recorded one day earlier.
Meanwhile, retail currency exchange shops across Baghdad adjusted their rates accordingly. Selling prices climbed to 142,250 dinars per 100 dollars. At the same time, buying prices moved up to 140,250 dinars. These shifts reflect both market speculation and daily liquidity conditions.
In the Kurdistan Region, Erbil experienced similar movements. Sellers offered the US dollar at 141,050 dinars per 100 dollars, while buyers paid 140,950 dinars. Although the increase remained minor, traders noted a steady rise over recent days.
Several factors influence these daily market movements. Import demands, ongoing government negotiations with foreign partners, and public sector salary expectations all contribute to foreign exchange volatility. Dealers and economists often link rate increases to concerns over inflation, delays in federal payments, or changes in oil revenue flows.
In addition, currency traders in Erbil observed an uptick in public demand for US dollars. This pattern often occurs when consumers anticipate potential market instability or plan to make large purchases. Despite the changes, traders consider the increase in exchange rates manageable and not indicative of a wider crisis.
As the week continues, analysts expect modest fluctuations to persist. However, any decisions from Iraq’s Central Bank or new trade developments could shift rates again. Market observers continue to emphasize the importance of tracking both local and regional economic indicators.
While dollar prices change appear minimal, repeated shifts impact daily transactions. Businesses that rely on imports and citizens who save in foreign currency continue watching for stability.