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.