Dollar Exchange Rates in Iraq See Decline
The dollar exchange rates in Baghdad and Erbil have experienced a notable decline following the closure of the stock exchanges on Wednesday evening.
A recent report highlights that the value of the dollar dropped as the markets closed, with the exchange rate settling at 150,050 dinars for every 100 dollars. This reflects a decrease from the morning rate of 150,300 dinars.
In Baghdad’s local banking markets, selling prices showed a similar trend, falling to 151,000 dinars for every 100 dollars, while the purchase rate was noted at 149,000 dinars.
Meanwhile, in Erbil, the dollar exchange rates also declined, with the selling price recorded at 149,850 dinars per 100 dollars and the purchasing price at 149,750 dinars.
Summary of Exchange Rates
| Location | Selling Price (Dinars per 100 USD) | Purchase Price (Dinars per 100 USD) |
|---|---|---|
| Baghdad | 151,000 | 149,000 |
| Erbil | 149,850 | 149,750 |
This downward trend in exchange rates marks a significant moment in the ongoing economic dynamics within Iraq’s currency market.