On Monday, the US dollar fell against the Iraqi dinar in Baghdad and Erbil, reflecting minor adjustments in local currency trading. Consequently, traders reported a slight decline as buyers and sellers reacted to recent market movements. The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad opened with lower rates. As a result, the dollar settled at 140,850 dinars per 100 dollars, compared with 141,375 dinars on Sunday.
Meanwhile, currency exchange stores in Baghdad set their selling rate at 141,750 dinars per 100 dollars, while the buying rate stood at 139,750 dinars. These shifts indicate a cautious trend, as investors balance supply and demand. Similarly, in Erbil, the US dollar also showed a minor drop. Specifically, the selling price reached 140,700 dinars per 100 dollars, while the buying rate was 140,550 dinars.
Market analysts explained that such fluctuations are normal under the current economic conditions. They noted that global dollar movements and regional trade developments influence local exchange rates. Therefore, traders in both cities watch central bank decisions closely, because these decisions can directly impact the dinar’s stability and the dollar’s performance.
Moreover, investors and ordinary citizens track these changes carefully. Daily transactions, import costs, and financial planning rely on stable currency rates. As a result, businesses across Baghdad and Erbil adjust pricing and contracts based on even minor rate changes. Consequently, market confidence can shift with every adjustment in the exchange rate.
Economists believe the current decline is modest. They also expect currency rates to continue fluctuating in the coming days. Factors such as political stability, oil prices, and foreign investment will play key roles. Therefore, analysts suggest that careful monitoring can help traders make informed decisions.
Overall, Monday’s drop in the US dollar against the Iraqi dinar reflects a temporary adjustment rather than a major market shift. Thus, traders and investors in Baghdad and Erbil continue to watch the market closely. The dollar’s performance remains a vital indicator of broader economic trends in Iraq.
