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Dollar Prices Drop in Baghdad and Erbil Amid Exchange Closures

Dollar Prices Experience Decline in Baghdad and Erbil Markets

On Tuesday, the dollar experienced a notable decrease in both Baghdad and Erbil, the capital of the Kurdistan Region, coinciding with the closure of two major exchanges in Iraq.

Currency Exchange Overview

According to reports, the dollar’s value dropped significantly as trading ceased at the St struggle and Al-Harithiya exchanges. The current exchange rate now stands at 150,100 Iraqi dinars for 100 dollars, down from 150,300 dinars earlier in the day.

Local Banking Market Trends

In the local banking sector of Baghdad, selling prices have also decreased. The current sale rate is set at 151,000 Iraqi dinars for 100 dollars, with the corresponding purchase price at 149,000 dinars for the same amount.

Erbil Market Update

Similarly, in Erbil, the dollar has seen a reduction in value, with the selling price recorded at 150,000 dinars per 100 dollars and the purchase price slightly lower at 149,900 dinars for 100 dollars.

Location Selling Price (IQD) Purchase Price (IQD)
Baghdad 151,000 149,000
Erbil 150,000 149,900
Exchanges 150,100

Conclusion

The fluctuation in the dollar’s value highlights ongoing dynamics within Iraq’s currency markets, reflecting broader economic trends. As the exchanges in both Baghdad and Erbil remain closed, market participants will be observing further developments closely.

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