According to a market survey, Baghdad’s Al-Kifah and Al-Harithiya exchanges traded the dollar at 148,200 dinars per 100 dollars. This marks an increase from the previous session’s rate of 148,000 dinars.
Exchange shops in Baghdad sold the dollar at 148,750 dinars and bought it at 147,750 dinars. Meanwhile, in Erbil, sellers offered 148,200 dinars while buyers paid 148,100 dinars. Consequently, local businesses and households face slightly higher costs for imported goods.
The strengthening dollar follows regional trends, as investors seek safe-haven currencies amid fluctuating oil prices and domestic economic uncertainty. Analysts note that persistent inflationary pressures in Iraq continue to weigh on the dinar, sustaining dollar demand.
Financial experts explain that the dollar rises again due to market anticipation of future economic challenges. They add that seasonal demand and limited local currency liquidity also contribute to price increases.
Commercial traders reported heavier trading volumes early in the week, indicating that both retail and institutional participants are adjusting to the dollar’s movement. As a result, banks and exchange shops are recalibrating their rates to match market activity.
Economists warn that if the trend continues, businesses relying on imports may face higher operational costs. This could potentially affect retail prices and the broader purchasing power of consumers.
Authorities have urged exchange operators to maintain transparency and report daily transactions accurately. They emphasize that stable currency operations are critical to preventing market speculation and protecting domestic financial stability.
Looking ahead, analysts expect the dollar rises again pattern to continue in the short term. However, policy interventions, including central bank measures and foreign exchange support, may moderate future fluctuations.
Overall, Baghdad and Erbil residents and businesses are closely monitoring the dollar’s trajectory, adjusting spending and investment plans accordingly. The sustained increase underscores ongoing economic challenges in Iraq and highlights the importance of proactive financial management.
