US Dollar Exchange Rates Experience Upward Trend in Baghdad and Erbil
The US dollar witnessed an increase in exchange rates today, Tuesday, across the markets in Baghdad and Erbil, the capital of the Kurdistan Region.
Reports indicate that the dollar prices surged on the Al-Harithiya and struggle stock exchanges, reaching 149,250 Iraqi dinars for $100, a rise from 147,700 dinars for $100 reported the previous morning.
In the banking sector, the selling prices in local markets within Baghdad have also escalated. The selling price has now reached 150,250 Iraqi dinars per $100, while the purchase price stands at 148,250 dinars for the same amount.
Meanwhile, in Erbil, the dollar exchange rates also reflected this climbing trend. The selling price has reached 148,900 dinars for $100, with the purchase price at 148,700 dinars for the equivalent sum.
| Region | Selling Price (ID) | Purchase Price (ID) |
|---|---|---|
| Baghdad | 150,250 | 148,250 |
| Erbil | 148,900 | 148,700 |
This upward movement in exchange rates signifies potential economic shifts, warranting attention from traders and financial analysts alike. The fluctuations in the US dollar’s valuation could have broader implications for trade and the local economy, emphasizing the need for ongoing monitoring of currency trends in the region.
