US Dollar Exchange Rate Declines Against Iraqi Dinar
Overview of Current Exchange Rates
On Thursday, the value of the US dollar experienced a decline against the Iraqi dinar in both Baghdad and Erbil, coinciding with the closing of the stock exchange.
Baghdad Market Trends
The closure of the main financial markets in Baghdad, including the struggle and Al-Harithiya stock exchanges, resulted in a decrease in the dollar’s exchange price. The dollar was priced at 149,800 dinars for 100 dollars at closing, down from 150,500 dinars earlier in the day.
In local banking sectors within Baghdad, selling rates have also lowered. The selling price for the dollar in banking outlets stands at 150,750 dinars per 100 dollars, while the purchasing price has adjusted to 148,750 dinars for the same amount.
Erbil Market Observations
In Erbil, the downward trend in the dollar’s value mirrors that of Baghdad, with the selling price recorded at 149,700 dinars per 100 dollars. The purchasing cost is slightly lower at 149,600 dinars for 100 dollars.
Summary of Exchange Rates
| Location | Selling Price (for 100 USD) | Purchasing Price (for 100 USD) |
|---|---|---|
| Baghdad | 150,750 dinars | 148,750 dinars |
| Erbil | 149,700 dinars | 149,600 dinars |
Overall, the fluctuations in the US dollar’s value against the Iraqi dinar reflect ongoing dynamics within the currency market in Iraq, influenced by local economic conditions.
