Banking and FinanceCurrencies

US Dollar Drops in Baghdad and Erbil After Recent Surge

The US dollar exchange rates experienced a decrease on Sunday morning across the markets in Baghdad and Erbil, the capital of the Kurdistan Region, following a brief upward trend from late January to February 1.

According to local market data, the price of the dollar declined on the struggle and Al-Harithiya stock exchanges, now standing at 150,300 Iraqi dinars for $100. This represents a slight reduction from the previous day’s rate of 150,500 dinars for the same amount.

In the banking sector, the selling prices in Baghdad’s local markets have also decreased, reaching 151,250 Iraqi dinars for $100 on the sales front, while the purchasing rate was noted at 149,250 dinars for $100.

Similarly, in Erbil, the dollar’s value has seen a decline, with the selling price recorded at 150,200 dinars per $100, and a purchasing price of 150,100 dinars for the same amount.

Location Selling Price (per $100) Buying Price (per $100)
Baghdad (Stock Exchanges) 150,300 IQD 149,250 IQD
Baghdad (Banks) 151,250 IQD
Erbil 150,200 IQD 150,100 IQD
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