Dollar Exchange Rates Experience Decline in Baghdad and Erbil
On Thursday, the dollar exchange rates saw a decline in both the Baghdad market and Erbil, the capital of the Kurdistan Region, coinciding with the closure of the stock exchange as the week drew to a close.
As per market observations, the dollar rate decreased with the closure of the Ghazlani and Al-Harithiya stock exchanges, recording a rate of 148,500 Iraqi dinars for 100 dollars, down from 148,850 Iraqi dinars per 100 dollars earlier that day.
In the banking sector within Baghdad’s local markets, the selling prices also diminished. The prevailing sale price for the dollar reached 149,500 Iraqi dinars for 100 dollars, while the purchase price was noted at 147,500 dinars for the same amount.
In Erbil, the trend mirrored that of Baghdad, with the sale price settling at 148,200 dinars for 100 dollars and the purchase price at 148,100 dinars for the same amount.
Summary of Exchange Rates
| Location | Sale Price (Iraqi Dinars) | Purchase Price (Iraqi Dinars) |
|---|---|---|
| Baghdad | 149,500 | 147,500 |
| Erbil | 148,200 | 148,100 |
As the week concludes, these fluctuations in dollar prices reflect the ongoing dynamics within the broader market and economic environment of Iraq.
