Analysis of the Recent Dollar Exchange Rate Trends in Baghdad
On March 2, 2025, economic expert Nasser Al-Tamimi shared insights regarding the recent downward trend in the dollar exchange rate within local markets. During this period, the decline has been attributed primarily to seasonal demand fluctuations associated with Ramadan.
According to Al-Tamimi, the current decrease in the dollar’s value is temporary, as demand typically diminishes during Ramadan. This period often sees reduced consumer activity, particularly in purchases made in dollars, such as automobiles, real estate, and other goods priced in foreign currency.
Looking ahead, Al-Tamimi anticipates a rebound in the exchange rate as the Eid al-Fitr holiday approaches, predicting that the dollar will stabilize around 150 to 151 dinars per 100 dollars. He emphasized that this reduction is not a result of any substantial economic reforms but rather a direct outcome of decreased demand during this seasonal timeframe.
As of the latest reports on March 2, 2025, the dollar exchange rate has continued its decline in the local stock exchanges, reaching levels not seen in several months. The dollar was priced at 146,800 dinars for $100 at the Al-Harithiya and Al-Nasr stock exchanges in Baghdad, marking a significant decrease in its valuation.
Exchange Rate Overview
| Date | Exchange Rate (Dinars for $100) |
|---|---|
| March 2, 2025 | 146,800 |
In conclusion, while current trends reflect a temporary softness in the dollar exchange rate, market observers should remain vigilant as the demand patterns shift with the upcoming festive season. The market dynamics thus seem poised for potential fluctuations in the near future.
