Gradual Decline in US Dollar Exchange Rates Observed in Baghdad and Erbil Markets
The financial landscape in Iraq, particularly in the capital cities of Baghdad and Erbil, is experiencing a noteworthy reduction in the exchange rates for the US dollar. Recent data indicates a marked decline in dollar prices across several stock exchanges and local markets.
Baghdad Exchange Rate Trends
As of 1 PM, the exchange rate on the struggle and Al-Harithiya stock exchanges in Baghdad positioned the dollar at 147,100 Iraqi dinars per 100 dollars, down from 147,800 dinars earlier in the day. This decline reflects a shift in market dynamics and could signal changes in demand and supply affecting the currency.
In the local banking sector, a similar trend is observable. Exchange rates at banking offices have fallen, with the dollar’s sale price quoted at 148,000 dinars per 100 dollars, while the purchase price has been adjusted to 146,000 dinars.
Erbil Market Performance
The currency trends in Erbil mirror those in Baghdad, where the dollar’s sale price is recorded at 146,400 dinars per 100 dollars. The purchase price in Erbil is slightly lower, at 146,300 dinars per 100 dollars.
Summary of Exchange Rates
| Location | Sale Price (per 100 USD) | Purchase Price (per 100 USD) |
|---|---|---|
| Baghdad | 148,000 dinars | 146,000 dinars |
| Erbil | 146,400 dinars | 146,300 dinars |
The continuous fluctuation in exchange rates highlights the economic landscape in Iraq and the broader implications for trade and investment in the region. Stakeholders will be monitoring these developments closely as market conditions evolve.
