Dollar Exchange Rates in Iraq: A Midweek Analysis
On Wednesday, the exchange rates for the U.S. dollar against the Iraqi dinar experienced a downward trend as the stock exchanges in Baghdad concluded their trading sessions.
At the closure of the Al-Harithiya and other exchanges, the price of the dollar stood at 150,050 dinars for every 100 dollars. This represents a decline from the earlier morning rates, which had reached 150,300 dinars.
In the local banking markets of Baghdad, selling prices also reflected this trend. The selling rate was recorded at 151,000 dinars for 100 dollars, while the purchasing price was noted at 149,000 dinars.
The fluctuations in the dollar exchange rates are indicative of market dynamics and reflect ongoing economic conditions within Iraq. Such variations are crucial for stakeholders involved in trade, finance, and investment, highlighting the importance of monitoring currency trends within the region.
| Type of Transaction | Amount (per 100 USD) |
|---|---|
| Closing Rate at Stock Exchange | 150,050 dinars |
| Morning Rate | 150,300 dinars |
| Selling Price in Banking Stores | 151,000 dinars |
| Purchasing Price in Banking Stores | 149,000 dinars |
Understanding these shifts in dollar valuation is vital for businesses and consumers alike, as they navigate the complexities of the Iraqi economic landscape.
