Economist: The Decline In The Dollar Exchange Rate Reflects The Strength Of The Iraqi Dinar
Time: 2025/06/04 Reading: 1,920 times {Economic: Al Furat News} Economic expert, Duraid Al-Anzi, confirmed that the recent decline in the dollar exchange rate is an indicator of the strength of the Iraqi dinar and means that prices may fall, but this decline is modest and fluctuates between rising and falling.
Al-Anzi told Al Furat News Agency, “The government, in general, does not impose its control over prices, as they vary from one region to another without government intervention.”
He added, “The recent decline in the dollar was not due to practical economic reasons or any action by the government or the Central Bank to lower the dollar price, but rather due to market exchange.”LINK
A Slight Decline In The Dollar Price In Local Markets With The Closing Of The Stock Exchange.
Wednesday, June 4, 2025 | Economic Number of readings: 24 Baghdad / NINA / The dollar prices decreased slightly in the markets of Baghdad and Erbil, this evening, with the closing of the stock exchange.
The dollar prices recorded 141,250 dinars for $100 at the close of the Al-Kifah and Al-Harithiya stock exchanges, while this morning it recorded 141,300 dinars for $100.
While the selling prices in exchange shops in the local markets in Baghdad stabilized at 142,250 dinars for $100, and the purchase price was 140,250 dinars for $100.
In Erbil, the dollar also decreased, as the selling price reached 141,200 dinars for every $100, and the purchase price was 141,000 dinars for $100. https://ninanews.com/Website/News/Details?key=1231813
After The Dollar… Gold Prices Fall In Baghdad
Economy | 04/06/2025 Mawazine News – Baghdad Foreign and Iraqi gold prices have decreased in local markets in Baghdad.
Gold prices in the wholesale markets on Al-Nahr Street in Baghdad this morning recorded a selling price of one mithqal of 21 karat Gulf, Turkish and European gold at 666,000 dinars, and a purchase price of 662 dinars. Yesterday, Tuesday, prices were recorded at 669,000 dinars.
The selling price of one mithqal of 21 karat Iraqi gold was recorded at 636,000 dinars, and a purchase price of 632,000.
As for gold prices in jewelers’ shops, the selling price of one mithqal of 21 karat Gulf gold ranges between 670,000 and 680,000 dinars, and the selling price of one mithqal of Iraqi gold is between 640,000 and 650,000 dinars. https://www.mawazin.net/Details.aspx?jimare=262152
Despite The Global Decline In Oil Prices, Basra Crude Prices Rose.
economy | 04/06/2025 Muzine News – Follow-up Basra Heavy and Medium crude oil prices rose on Wednesday, despite the decline in global oil prices.
Basra Heavy crude rose by 99 cents, or 1.64%, to reach $61.41 per barrel, while Basra Medium crude also rose by 99 cents, or 1.56%, to reach $64.36 per barrel.
This rise comes despite the decline in global oil prices, as Brent crude futures fell to $65.40 per barrel, and US West Texas Intermediate crude fell to $63.16 per barrel.
The global decline is attributed to concerns about increased production by the OPEC+ alliance, in addition to tensions related to tariffs that threaten the global economic outlook, while concerns about Canadian supplies provided support for prices. https://www.mawazin.net/Details.aspx?jimare=262144
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