Baghdad/Erbil, Iraq – The US dollar edged lower against the Iraqi dinar on Sunday, signaling minor shifts in Iraq’s currency market. Dollar slips Iraq affected both Baghdad and Erbil exchange rates.
In Baghdad, the Al-Kifah and Al-Harithiya markets recorded a decline. The exchange rate settled at 141,200 dinars per 100 dollars, compared with 141,400 dinars on Saturday.
Meanwhile, local exchange shops in Baghdad reported the dollar selling for 142,250 dinars. At the same time, the buying rate reached 140,250 dinars per 100 dollars.
In Erbil, the capital of the Kurdistan Region, the dollar also lost value. Sellers offered 140,950 dinars for every 100 dollars, while buyers paid 140,750 dinars.
Analysts say this decline reflects small fluctuations in Iraq’s local currency market. Additionally, minor market pressures and trade activity influence these rates.
Currency traders noted that both Baghdad and Erbil markets showed stability despite the slight dip. Therefore, the overall exchange market remains predictable for short-term transactions.
Observers added that while dollar slips Iraq, investors and small businesses should monitor rates closely. Consequently, they can adjust financial plans accordingly.
The US dollar remains a key benchmark for trade and imports in Iraq. Meanwhile, the Iraqi dinar’s movement reflects the country’s ongoing economic trends.
Market experts expect continued minor fluctuations in coming days. However, no major shocks are anticipated unless external economic factors emerge.
Dollar slips Iraq highlight how regional differences can slightly affect exchange rates between Baghdad and Erbil. Both markets remain closely aligned.
Experts also point out that political stability and oil price changes could influence future exchange rates. In particular, domestic financial policies may play a role in maintaining dinar stability.
Furthermore, businesses engaged in import-export operations are advised to hedge against short-term currency risks. This can protect profits amid modest fluctuations in USD/IQD rates.
In summary, the US dollar decreased slightly against the Iraqi dinar in both Baghdad and Erbil. The change is modest but noteworthy for traders and businesses.
