Dollar Exchange Rates Decline Against Iraqi Dinar
The exchange rates for the U.S. dollar experienced a slight decrease against the Iraqi dinar on Monday in the markets of Baghdad and the Kurdistan Region, coinciding with the closure of local stock exchanges.
According to recent market observations, the dollar’s value fell as trading concluded at the Shafaq and Al-Harithiya stock exchanges, with the exchange rate settling at 150,300 Iraqi dinars for every 100 dollars. This represents a minor decrease from the morning rate of 150,350 dinars for the same amount.
In Baghdad’s banking sector, selling prices remained stable. The dollar was being sold for 151,500 dinars per 100 dollars, while the purchase price stood at 149,500 dinars for 100 dollars.
In the capital of the Kurdistan Region, Erbil, similar trends were noted, with the selling price of the dollar recorded at 150,150 dinars for 100 dollars. The purchase price in Erbil was slightly lower at 150,050 dinars for the same amount.
Location | Selling Price (for 100 USD) | Purchase Price (for 100 USD) |
---|---|---|
Baghdad | 151,500 IQD | 149,500 IQD |
Erbil | 150,150 IQD | 150,050 IQD |
Stock Exchanges | 150,300 IQD | – |
This fluctuation in exchange rates reflects ongoing dynamics within the Iraqi economy, impacted by market conditions and broader financial trends.