Currency Exchange Update: US Dollar Declines in Baghdad and Erbil
On Wednesday morning, the exchange rates for the US dollar experienced a decrease in both Baghdad and Erbil, capital of the Kurdistan Region.
Market Rates in Baghdad
According to market reports, the dollar rate on the Al-Harithiya and Al-Taghier stock exchanges settled at 150,200 Iraqi dinars per $100. This marks a drop from the previous day’s rate of 150,300 dinars for the same amount.
In local banking establishments within Baghdad, the selling price reflected a similar decline, reaching 151,000 dinars per $100, while the purchasing price was noted at 149,000 dinars for $100.
Currency Fluctuation in Erbil
In Erbil, the dollar also saw a reduction in value, with the selling price recorded at 150,100 dinars per $100, and the purchasing price noted at 150,000 dinars for the same amount.
Location | Selling Price (IQD) | Purchasing Price (IQD) |
---|---|---|
Baghdad | 151,000 | 149,000 |
Erbil | 150,100 | 150,000 |
This recent fluctuation reflects ongoing market dynamics affecting currency valuations in the region. Stakeholders will be closely monitoring these changes for potential impacts on economic activity and trade.