CurrenciesEconomy

US Dollar Soars to 151,500 Dinars in Baghdad: Impact on Local Markets Unfolds

US Dollar Exchange Rates Continue to Climb Against the Iraqi Dinar

The exchange rates of the US dollar have witnessed a further increase against the Iraqi dinar, concluding transactions on the informal exchange market this evening, Wednesday.

Current sale rates at exchange stores are reported at 151,500 dinars for every 100 dollars, while the purchasing rate stands at 149,500 dinars for the same amount.

This persistent deviation between the official and parallel market rates has led to stagnation in several local markets, significantly influenced by fluctuations in the value of the US dollar.

Current Exchange Rate Summary:

Transaction Type Amount in Dinars Equivalent in USD
Sale 151,500 100
Purchase 149,500 100

The ongoing instability in exchange rates is causing concern among traders and consumers alike, further complicating Iraq’s economic climate. It is essential for stakeholders to monitor these developments closely, given their potential implications for the broader economy.

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