Currency Exchange Rates: Dollar Declines Against Iraqi Dinar
On Monday afternoon, the exchange rates for the U.S. dollar against the Iraqi dinar experienced a notable decline in both Baghdad and Erbil, coinciding with the closure of the stock exchanges.
As reported from the ground, the price of the dollar decreased concurrently with the closure of the Al-Ghazl and Al-Harithiya stock exchanges, registering at 148,200 dinars for $100. This price reflects a drop from the morning’s rate of 148,500 dinars for the same amount.
In local markets in Baghdad, the selling prices indicated a downturn as well. The sale price reached 149,250 dinars for $100, while the purchase price was recorded at 147,250 dinars for the same amount.
Meanwhile, in Erbil, the dollar also saw a reduction, with the sale price being 148,000 dinars for $100 and the purchase price standing at 147,900 dinars for the same amount.
Summary of Exchange Rates:
| Location | Selling Price (IQD) | Purchase Price (IQD) |
|---|---|---|
| Baghdad | 149,250 | 147,250 |
| Erbil | 148,000 | 147,900 |
| Average Rate | 148,200 | – |
This fluctuation in exchange rates highlights ongoing trends within the currency markets, reflecting the broader economic climate in Iraq.
