Rising US Dollar Exchange Rates Impacting Iraqi Markets
The US dollar continues to appreciate against the Iraqi dinar in Baghdad’s currency exchange market. Recent data shows that the selling price for $100 has reached 150,500 dinars, while the purchasing price stands at 149,500 dinars for the same amount.
This ongoing fluctuation contributes to a stark disparity between official and parallel market rates, leading to a noticeable stagnation in local markets as they grapple with the implications of the dollar’s rising value.
As market conditions evolve, stakeholders are closely monitoring the situation, particularly how these currency trends will shape economic activity in Iraq moving forward.
