Rising Dollar Exchange Rates in Baghdad
The exchange rates of the U.S. dollar against the Iraqi dinar have continued to increase, coinciding with the closure of trading at the Al-Harithiya and other stock exchanges in Baghdad.
As the markets closed, the exchange rate was reported at 14,850 Iraqi dinars for every $100. In local banking outlets in Baghdad, the selling prices stood at 150,750 Iraqi dinars per $100, whereas the purchase price reached 148,750 dinars for the same amount.
| Transaction Type | Amount in Iraqi Dinars for $100 |
|---|---|
| Market Closing Rate | 14,850 |
| Selling Price in Banks | 150,750 |
| Purchase Price in Banks | 148,750 |
This increase in dollar exchange rates suggests fluctuations in market confidence and could have broader implications for the Iraqi economy and its currency stability.