Current Exchange Rates: Iraqi Dinar vs. US Dollar
On Thursday afternoon, the exchange rates of the US dollar against the Iraqi dinar experienced fluctuations in the markets of Baghdad, while remaining stable in Erbil, the capital of the Kurdistan Region. This stability coincides with the closure of the stock exchange.
Exchange Rates in Baghdad
Recent reports indicate that the price of the dollar declined, particularly in Al-Harithiya parks, with the rate hitting 150,350 dinars for 100 dollars. This marks a drop from earlier rates, which were recorded at 150,500 dinars for the same amount.
In the local banking sector, the selling prices for the dollar remained steady in Baghdad, where the sale price was noted at 151,500 Iraqi dinars for 100 dollars, while the purchase price was calculated at 149,500 dinars for the same amount.
Stability in Erbil
In Erbil, the dollar maintained its stability, with the sale price set at 150,150 dinars per 100 dollars, and the purchase price slightly lower at 150,050 dinars for the same amount.
Summary of Current Rates
| Location | Selling Price (IQD per 100 USD) | Purchase Price (IQD per 100 USD) |
|---|---|---|
| Baghdad | 151,500 | 149,500 |
| Al-Harithiya | 150,350 | Not reported |
| Erbil | 150,150 | 150,050 |
This analysis illustrates the ongoing dynamics in Iraq’s currency exchange landscape, highlighting a decrease in dollar pricing against the dinar in Baghdad while maintaining stability in Erbil. The market trends warrant close attention as they influence broader economic conditions in the region.
