Iraq dollar rates surged in both Baghdad and Erbil, showing increased demand for the US dollar. Currency traders reported a noticeable spike, affecting market activity across major cities.
In Baghdad, central exchanges at al-Kifah and al-Harithiya showed sharp movement. The exchange rate reached 142,450 Iraqi dinars for $100. This marked an increase from the previous rate of 142,150 IQD. Such changes often reflect pressures from global financial developments and local demand shifts.
Exchange shops in Baghdad raised their selling prices even more. Customers now pay 143,500 IQD per $100. Meanwhile, buyers selling dollars receive 141,500 IQD. These updated rates signal more dollar demand in the local market.
In Erbil, the trend mirrored Baghdad’s direction. The selling price for $100 stood at 142,400 IQD. Buyers could get dollars at a slightly lower rate of 142,200 IQD. These numbers highlight the narrow but steady increase in Iraq dollar rates across both regions.
Currency traders pointed to regional economic activity and global dollar strength. These factors continue to impact daily fluctuations in Iraq dollar rates. Importers and travelers also add pressure by increasing their dollar purchases.
In general, Iraq dollar rates fluctuate based on trade, oil revenue inflows, and central bank policy. When supply drops or demand grows, rates shift upward quickly. The current rise could reflect seasonal factors or upcoming financial obligations.
Financial analysts in Baghdad say more changes could happen soon. They recommend keeping a close eye on official Central Bank decisions and foreign reserve trends. These elements often guide short-term movements in Iraq dollar rates.
The ongoing tension in international markets might also push rates higher. Iraq depends heavily on the dollar for trade and imports. So even small shifts abroad can ripple through domestic markets.
In conclusion, these rates are rising steadily in Baghdad and Erbil. The increases remain moderate but consistent. As a result, currency dealers expect more active trading in the coming days.