The US dollar trades slightly lower in Iraq on Thursday, falling just below 150,000 dinars per 100 dollars. This decline reflects cautious market activity in Baghdad and Erbil, as local exchanges adjust to shifting demand and liquidity. Traders and businesses alike are closely watching daily rates to plan currency exchanges and procurement.
In Baghdad, the dollar trades at 149,850 dinars per 100 dollars in Al-Kifah and Al-Harithiya exchanges, down from Wednesday’s 150,000-dinar closing rate. Meanwhile, exchange shops in the capital sell the dollar at 150,250 dinars and buy it at 149,250 dinars. These small fluctuations indicate minor corrections rather than major shifts.
In Erbil, the dollar trades slightly lower, with selling prices at 149,650 dinars and buying prices at 149,500 dinars. Traders noted steady activity in the morning, with no major swings observed. The difference between Baghdad and Erbil rates reflects regional supply and demand factors, as northern markets often maintain smaller spreads.
The modest decline comes as dealers respond to local liquidity and market conditions. Analysts said the market is undergoing a minor correction rather than a structural change. Global factors, including US currency trends, oil prices, and regional economic developments, also influence daily movements.
The dollar continues to serve as a vital reference for businesses and importers in Iraq. Stable daily rates help companies plan for imports, payroll, and trade. Any sudden movement could impact operational costs and pricing strategies across sectors.
Experts expect the market to remain relatively stable in the short term. Traders anticipate gradual movement around the 150,000-dinar benchmark unless major global or domestic developments occur.
In conclusion, the dollar trades lower in Baghdad and Erbil, reflecting minor market adjustments. While the decline is modest, the trend underscores the importance of monitoring currency rates daily. Businesses, traders, and consumers will continue to track changes closely to make informed financial decisions.
