Fluctuations in US Dollar Exchange Rates Against the Iraqi Dinar
As transactions concluded at the exchange hubs in Baghdad, the US dollar continued its upward trend against the Iraqi dinar.
Recent reports indicate that the selling rate at exchange stores has reached 151,250 dinars for 100 dollars, while the buying rate stands at 149,250 dinars for the same amount.
This disparity between the official and parallel exchange rates has led to stagnation in several local markets, directly influenced by the rising value of the US dollar.
| Transaction Type | Rate (Iraqi Dinar) for 100 USD |
|---|---|
| Selling Rate | 151,250 |
| Buying Rate | 149,250 |
The ongoing fluctuations in exchange rates are a critical factor affecting market dynamics, posing challenges for local businesses and consumers alike.