Exchange Rates of the US Dollar Surge Against the Iraqi Dinar
The value of the US dollar has continued its upward trend against the Iraqi dinar, particularly evident in the latest transactions on the foreign exchange market.
As of the most recent data, the rate for selling US dollars in exchange stores has reached 15,125 dinars for a transaction of $100, while the purchase rate stands at 149,250 dinars for the same amount.
This disparity between the official and parallel exchange rates has led to a marked stagnation in many local markets, which are feeling the impact of the strong dollar.
| Transaction Type | Amount in USD | Equivalent in Iraqi Dinar |
|---|---|---|
| Sale | $100 | 15,125 |
| Purchase | $100 | 149,250 |
The prevailing economic climate, marked by the currency fluctuations, underscores the challenges facing the Iraqi economy as it navigates these turbulent financial waters.
