Dollar prices drop in Baghdad and Erbil as market trends shift again. The Iraqi dinar gained slightly, pushing the dollar downward across both cities.
The financial markets in Baghdad and Erbil opened to a noticeable dip in the dollar’s exchange rate. Traders in the capital reported lower prices at the central Al-Kifah and Al-Harithiya stock exchanges. The rate settled at 143,250 dinars for every 100 dollars. This marked a decline from a previous level of 143,850 dinars.
Meanwhile, exchange stores across Baghdad offered varied rates for buying and selling. Many currency shops set the selling price at 144,250 dinars. Others listed the buying price at 142,250 dinars per 100 dollars. These small but consistent drops suggest increased confidence in the Iraqi dinar.
Erbil also followed this downward movement in dollar value. In the city’s currency market, sellers listed the price at 143,400 dinars. Buyers paid slightly less, around 143,200 dinars for every 100 dollars. This mirrors Baghdad’s downward trend, reflecting a wider market adjustment across Iraq.
Experts link the dip to steady improvements in local cash flow and tighter monitoring by financial authorities. Market regulators in Baghdad continue to track demand closely. They also work to prevent price spikes caused by speculation or sudden demand shifts. As a result, dollar prices drop in Baghdad and Erbil more regularly than before.
In addition, increased dollar supply has helped bring balance to the market. More availability means less upward pressure on prices. When this happens, traders respond quickly, adjusting their rates to remain competitive.
The Central Bank of Iraq has not announced any new policies. However, recent efforts to stabilize inflation may support this ongoing trend. Many traders now expect the dinar to remain steady over the next few weeks.
Although the dollar prices drop in Baghdad and Erbil, daily volatility remains. As always, market watchers recommend staying updated on any major changes in trading volumes or currency availability.