The US dollar opened lower in Erbil as trading stopped in Baghdad. Currency traders paused operations for a public holiday in Baghdad. Officials said the suspension affected the overall market activity.
In Erbil, the dollar edged down at the opening of trading. Exchange shops set selling prices at 148,250 dinars per 100 dollars. Meanwhile, buying prices reached 148,200 dinars per 100 dollars. This marks a small drop compared with the previous session.
During the last session, the selling price stood at 148,400 dinars per 100 dollars. Buying prices were 148,350 dinars. The Iraq dollar trading update shows a clear downward trend at the start of the day.
In Baghdad, local exchange shops sold the dollar at 148,500 dinars per 100 dollars on the previous day. Buying prices stood at 147,500 dinars. Trading stopped in Baghdad for the public holiday, causing Erbil to become the main market temporarily.
Analysts said the Iraq dollar trading update reflects small local fluctuations. Market watchers explained that holidays, economic news, and supply affect short-term prices. Traders noted that the dinar remained relatively stable despite the slight drop in Erbil.
The Iraq dollar trading update also highlights regional differences. Currency rates in Erbil changed faster than Baghdad because of the market closure. Experts believe these gaps occur when local demand shifts.
Some exchange shops in Erbil reported high trading activity despite the dollar opening lower. Customers purchased dollars at both buying and selling rates. Analysts expect activity to normalize once Baghdad reopens.
Economists said the dollar’s slight decline does not indicate long-term trends. Instead, it reflects short-term market reactions. The Iraq dollar trading update shows that holidays and local policies can influence currency movements.
Officials encourage citizens and businesses to monitor exchange rates closely. They also advise comparing rates in Erbil and Baghdad when trading resumes. The Iraq dollar trading update signals careful attention is necessary for large transactions.
Market watchers believe the dinar could remain steady if no major announcements occur. Traders said they expect minor fluctuations in the coming sessions. They also emphasized that global factors, including oil prices, may influence the Iraq dollar trading update.