Fluctuations in the US Dollar Exchange Rate Against the Iraqi Dinar
The exchange rates for the US dollar have shown continued volatility against the Iraqi dinar in Baghdad’s currency exchange markets. As of now, the sale rate stands at 151,000 dinars for 100 dollars, while the purchase rate is recorded at 149,000 dinars for the same amount.
This disparity between the official exchange rate and the parallel market rate is contributing to stagnation within most local markets, which are increasingly impacted by the fluctuations in the US dollar value. The ongoing variations provide a challenging environment for market participants looking to stabilize pricing and projections.
Transaction Type | Exchange Rate (for 100 USD) |
---|---|
Sale | 151,000 Dinars |
Purchase | 149,000 Dinars |
The current financial landscape highlights the need for continuous monitoring of exchange rates as they directly affect economic activities and consumer sentiment in Iraq.