**Fluctuations in Dollar Exchange Rates Impact Iraqi Markets**
The exchange rates of the US dollar have shown continued instability against the Iraqi dinar in Baghdad’s markets. Current figures indicate that the selling rate stands at 15,125 dinars for every $100, while the buying rate is set at 149,250 dinars for the same amount.
This disparity between the official and parallel market rates has led to stagnation in many local markets, which are increasingly affected by the fluctuations of the US dollar.
Transaction Type | Amount (in Dinars) | Equivalent (in USD) |
---|---|---|
Selling Rate | 15,125 | $100 |
Buying Rate | 149,250 | $100 |
The current economic climate in Iraq reflects the ongoing challenges linked to the US dollar’s fluctuations, highlighting the broader implications for trade and market dynamics within the country.