Exchange Rate Dynamics in Baghdad: Continued Fluctuations
The exchange rate of the US dollar remains unstable against the Iraqi dinar in Baghdad’s currency markets. Current figures indicate that the selling rate stands at 149,500 dinars per 100 dollars, while the purchasing rate is 147,500 dinars for the same amount.
In the past week, the exchange rates have experienced fluctuations marked by both modest increases and slight declines. Nevertheless, these rates remain significantly higher than the official rate set by the Central Bank of Iraq, which is pegged at 132,000 dinars per 100 dollars.
This ongoing volatility in the currency exchange market reflects broader economic conditions and influences both consumer confidence and business operations within the region.
