Currencies

US Dollar Rates Dip in Baghdad and Erbil: Latest Update

External Transfers Dominate 91% of Iraq's Central Bank Sales

US Dollar Exchange Rates Reflect Mild Decline Against Iraqi Dinar

This morning, the exchange rates for the US dollar against the Iraqi dinar registered a slight decrease across the markets in Baghdad and the capital of the Kurdistan Region, Erbil.

According to market observations, the dollar prices reduced on the Al-Harithiya exchange, settling at 147,950 dinars for $100. This reflects a decrease from the previous day’s rate of 148,000 dinars for the same amount.

In Baghdad’s banking sector, the selling prices remained stable, with the sale price noted at 149,000 dinars for $100, while the purchase rate was established at 147,000 dinars for $100.

Erbil also experienced a minor decline, with the selling price of the dollar reaching 147,750 dinars per $100, and the purchase price recorded at 147,650 dinars for $100.

Market Sale Price (Dinars) Purchase Price (Dinars)
Baghdad 149,000 147,000
Erbil 147,750 147,650

This fluctuation in exchange rates highlights the ongoing dynamics in the Iraqi financial markets and the relationship between the US dollar and the Iraqi dinar.

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