The value of the US dollar fell slightly against the Iraqi dinar in both Baghdad and Erbil. This drop comes after weeks of exchange rate fluctuations in local markets.
In Baghdad, trading began with lower rates at the central Al-Kifah and Al-Harithiya stock exchanges. The exchange rate settled at 147,300 dinars for every 100 dollars. This is a decrease from Saturday’s rate of 147,700.
Exchange stores in Baghdad, the selling price for 100 dollars was 148,250 dinars. The buying price stood at 146,250 dinars. These changes reflect a stronger Iraqi dinar in local trading.
Erbil also saw a drop in dollar rates. Sellers offered 100 dollars for 147,250 dinars, while buyers purchased it at 147,150. The difference between buying and selling rates was small, showing stable market activity.
This decrease in dollar prices may reflect rising demand for the dinar or improved cash flow in the market. Traders often react quickly to political news, central bank decisions, and regional events that affect currency demand.
The Iraqi government and central bank continue efforts to stabilize the dinar. Controlling the exchange rate helps manage inflation and keep goods affordable. It also builds trust in the local currency.
These small daily changes affect businesses, travelers, and traders. Many Iraqis follow the dollar-to-dinar exchange rate closely. It influences everything from import prices to consumer goods.
Monitoring exchange rates remains important for Iraq’s economic health. Market trends in Baghdad and Erbil often set the tone for currency behavior across the country.
