US Dollar Strengthens Against Iraqi Dinar in Baghdad and Erbil Markets
This morning, the exchange rate for the US dollar saw an uptick in Baghdad and Erbil, the capital of the Kurdistan Region. Recent trading data indicates that the dollar’s value has increased on the struggle and Al-Harithiya stock exchanges, now standing at 150,350 Iraqi dinars for every $100, compared to 150,300 dinars reported yesterday morning.
Additionally, in the local banking sector within Baghdad, there has been a noticeable rise in selling prices, reaching 151,500 Iraqi dinars for $100. Correspondingly, the purchase price is now recorded at 149,500 dinars for the same amount.
In Erbil, the dollar also experienced a rise, with selling prices reaching 150,400 dinars per $100 and purchase prices at 150,300 dinars for the same amount.
| Location | Selling Price (IQD for $100) | Purchase Price (IQD for $100) |
|---|---|---|
| Baghdad | 151,500 | 149,500 |
| Erbil | 150,400 | 150,300 |
The ongoing fluctuations in exchange rates underscore the dynamic nature of the currency market in Iraq, impacting both local traders and consumers alike.
