US Dollar Declines Against Iraqi Dinar in Baghdad and Erbil Market Closures
On Sunday, the market dynamics in Baghdad and Erbil revealed a notable decrease in the exchange rate of the US dollar against the Iraqi dinar, coinciding with the closure of significant stock exchanges in the region.
The latest reports indicate that the price of the dollar fell to 147,500 dinars for every 100 dollars, down from 147,800 dinars earlier in the day. This shift occurred as the primary trading platforms, namely the Al-Harithiya and Central stock exchanges in Baghdad, ceased operations.
In local markets throughout Baghdad, data showed a similar decline in selling prices. The cost of purchasing dollars settled at 146,500 dinars for 100 dollars, while selling prices dropped to 148,500 dinars for the same amount.
In Erbil, the trend mirrored that of Baghdad, with the selling price of the dollar recorded at 146,800 dinars for 100 dollars, and the buying price positioned slightly lower at 146,700 dinars.
Summary of Exchange Rates
| Location | Selling Price (per 100 USD) | Buying Price (per 100 USD) |
|---|---|---|
| Baghdad | 148,500 dinars | 146,500 dinars |
| Erbil | 146,800 dinars | 146,700 dinars |
This notable drop in exchange rates reflects the ongoing fluctuations in the currency markets, as local demand and international economic factors continue to influence currency values across regions.
