Banking and FinanceCurrencies

Iraqi Dollar Exchange Rates Drop: Current Prices Revealed

Currency Exchange Update: Dollar Prices Decline on Iraqi Stock Exchanges

Recent data indicate a decrease in the exchange rate of the United States dollar, reflecting ongoing fluctuations within the Iraqi economic landscape. The current exchange rate on the Al-Harithiya and struggle stock exchanges has settled at 150,300 Iraqi dinars for $100. In the banking stores within the local markets of Baghdad, the selling price has reached 15,125 dinars for $100, while the purchasing price is noted at 149,250 dinars for the same amount.

On February 7, 2022, the Council of Ministers announced a significant adjustment to the dollar exchange rate, amending it to 1,320 Iraqi dinars per dollar. This alteration aims to stabilize the local economy and enhance market confidence amidst varying economic challenges.

Current Dollar Prices

Transaction Type Price in Iraqi Dinars for $100
Selling Price 15,125
Purchasing Price 149,250

This recent price trend underscores the dynamic nature of currency exchange rates in Iraq and the broader implications for both local and foreign investors. Continued monitoring of these rates is essential for strategic financial planning and investment decision-making in the region.

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