The USD IQD exchange rate showed mixed movement across Iraq on Thursday, as markets in Baghdad remained stable while Erbil recorded a slight increase. Overall, the US dollar traded near 154,000 Iraqi dinars per 100 dollars. As a result, traders continued to monitor currency demand closely in both cities. Moreover, market sentiment remained cautious amid steady trading conditions.
In Baghdad, the dollar held its previous level without major changes. According to market data, exchange activity on the Al-Kifah and Al-Harithiya central exchanges recorded 153,850 dinars per 100 dollars. This figure matched the previous session. Consequently, the capital’s currency market showed relative stability during the trading day. In addition, traders reported balanced supply and demand conditions.
However, retail exchange shops in Baghdad showed a wider spread. Sellers offered the dollar at 154,250 dinars per 100 dollars. Meanwhile, they bought it at 153,250 dinars. This gap reflected normal trading margins in the local currency market. Therefore, Baghdad’s exchange environment remained stable despite minor price differences between official and retail channels.
In contrast, Erbil experienced a modest upward movement in the USD IQD exchange rate. Selling prices reached 153,750 dinars per 100 dollars, while buying prices stood at 153,650 dinars. As a result, the northern market showed slightly stronger demand for US dollars compared with the capital. Moreover, traders in Erbil noted steady but firm activity during the session.
Currency fluctuations between Baghdad and Erbil often reflect regional differences in liquidity and demand. At the same time, broader economic conditions continue to influence short-term pricing trends. Therefore, even small changes in demand can create noticeable variations between the two markets. In addition, traders closely follow central bank policies and cash flow movements.
Despite the slight increase in Erbil, overall market conditions remained relatively calm. The USD IQD exchange rate did not show sharp volatility, which suggests stable trading behavior across Iraq. Consequently, businesses and importers continue to operate under predictable exchange conditions. Furthermore, this stability supports short-term financial planning.
Looking ahead, market participants expect gradual movements rather than sudden shifts. In addition, currency traders will continue monitoring regional demand, government policy, and oil revenue flows. These factors often influence liquidity in Iraq’s currency market. Therefore, the exchange rate is likely to remain sensitive but controlled in the near term