Decline in Dollar Exchange Rates Observed in Baghdad and Erbil
The dollar exchange rates in Baghdad and Erbil, the capital of the Kurdistan Region, experienced a decline following the closure of the stock exchanges on Tuesday evening.
According to reports from local sources, the value of the dollar fell with the closing of the Al-Harithiya and Baghdad stock exchanges. The exchange rate was recorded at 148,600 Iraqi dinars per 100 dollars, marking a decrease from the morning rate of 149,000 dinars.
In the local markets of Baghdad, the exchange rates also reflected this downward trend. The sale price was reported at 149,500 dinars per 100 dollars, while the purchase price settled at 147,500 dinars.
In Erbil, a similar decrease was observed. The sale price for the dollar reached 148,150 dinars per 100 dollars, with a purchase price at 148,050 dinars.
Exchange Rate Summary
| City | Sale Price (IQD per 100 USD) | Purchase Price (IQD per 100 USD) |
|---|---|---|
| Baghdad | 149,500 | 147,500 |
| Erbil | 148,150 | 148,050 |
This latest fluctuation in the exchange rate illustrates ongoing volatility in the currency markets of Iraq, necessitating close attention from investors and economic stakeholders.