Dollar Exchange Rates in Iraq: Continued Volatility Against the Dinar
The exchange rates for the US dollar against the Iraqi dinar continue to exhibit instability within the Baghdad exchange market. Currently, the selling rate is recorded at 148,500 dinars for every 100 dollars, while the buying rate stands at 146,500 dinars for the same amount.
This divergence between the official and parallel rates has led to stagnation in many local markets, heavily impacted by the fluctuating value of the dollar. The prevailing economic conditions highlight the importance of closely monitoring currency movements, as they have significant implications for market activity and pricing strategies.
| Currency | Selling Rate (per 100 USD) | Buying Rate (per 100 USD) |
|---|---|---|
| Iraqi Dinar | 148,500 | 146,500 |
As the market navigates these challenges, stakeholders remain vigilant regarding further developments, recognizing the critical relationship between exchange rates and domestic economic stability.
