Iraq experienced a notable increase in the USD to IQD exchange rate this week. In Baghdad, central exchanges, including Al-Kifah and Al-Harithiya, reported rates climbing to 141,950 IQD per $100, up from 141,450 IQD earlier. The surge reflects growing demand for foreign currency amid shifting market conditions.
In local Baghdad exchange shops, sellers offered the dollar at 143,000 IQD per $100. Meanwhile, buyers paid 141,000 IQD per $100. This gap between buying and selling indicates ongoing market adjustments. Traders attribute the rise to economic uncertainties and a stronger US dollar in global markets.
The situation in Erbil mirrored Baghdad’s trend. Local exchange offices sold the US dollar at 141,750 IQD per $100, while buying rates reached 141,650 IQD per $100. Analysts note that Iraqi markets continue to react sensitively to political developments, government spending patterns, and international trade flows.
Experts suggest that the rising USD to IQD exchange rates highlight Iraq’s ongoing reliance on the dollar for imports and foreign transactions. Investors and importers are closely monitoring fluctuations, as they affect purchasing power, trade costs, and overall economic stability.
In addition, the increase in USD to IQD exchange rates can influence inflation trends. As the dollar strengthens, imported goods and essential commodities may become more expensive for local consumers. Businesses are adjusting pricing strategies accordingly, while government officials consider interventions to stabilize the market.
Market watchers recommend careful attention to the exchange rate movements in Baghdad and Erbil. These changes demonstrate how currency rates impact daily transactions, investments, and broader economic confidence. Traders expect continued volatility in the coming weeks.