Exchange Rates Show Continued Instability in Baghdad
The exchange rates of the US dollar against the Iraqi dinar remain unstable in Baghdad’s currency market. Recent figures indicate that the selling rate has reached 151,500 dinars for every 100 dollars, while the buying rate stands at 149,500 dinars for the same amount.
This ongoing disparity between official and parallel market prices has contributed to stagnation in many local markets, significantly impacted by fluctuations in the dollar value.
As the economic landscape continues to evolve, stakeholders are closely monitoring these rates, which reflect broader trends within the Iraqi economy.
| Currency Exchange | Buying Rate (IQD) | Selling Rate (IQD) |
|---|---|---|
| 100 USD | 149,500 | 151,500 |
The interplay between domestic currency stability and foreign exchange rates remains a critical concern for businesses and consumers alike, highlighting the need for strategic economic measures moving forward.
