The US dollar remained steady in Baghdad, while Erbil recorded a slight decline. This reflects minor regional differences in Iraq’s currency markets.
Central exchanges in Baghdad, including Al-Kifah and Al-Harithiya, listed the US dollar at 141,600 Iraqi dinars per $100. This rate remained unchanged from the previous day. Local exchange offices recorded selling prices at 142,500 dinars and buying prices at 140,500 dinars per $100. The small gap reflects minor market adjustments and routine daily trading activity.
In Erbil, the US dollar saw a modest decline. Selling prices dropped to 141,350 dinars, while buying prices decreased slightly to 141,250 dinars per $100. Analysts attributed this change to local demand fluctuations, active trade operations, and a slightly limited supply of dollars. The variation highlights the regional differences in Iraq’s foreign exchange markets.
Baghdad’s stable rate supports businesses, importers, and exporters by enabling predictable financial planning. Meanwhile, residents in Erbil may benefit from the slightly lower rate when purchasing dollars. Traders and companies across both regions closely monitor these differences to manage operations and plan conversions effectively.
Despite small fluctuations, the Iraqi dinar remains generally stable against the US dollar. Analysts advise checking rates daily, particularly for large transactions, remittances, and cross-border trade. Banks and exchange offices provide regular updates to maintain transparency and ensure customers access accurate and timely rates.
The steady dollar rate in Baghdad and the minor dip in Erbil indicate a balanced currency market. This stability reinforces confidence in Iraq’s financial system. Investors, businesses, and residents can conduct transactions with assurance, knowing that extreme fluctuations remain limited. Overall, the current exchange rates reflect a controlled and predictable environment in Iraq’s key currency markets.