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Dollar falls against dinar in Baghdad and Erbil

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Dollar falls against dinar in Baghdad and Erbil
Dollar falls against dinar in Baghdad and Erbil

The US dollar weakened against the Iraqi dinar on Wednesday, with exchange rates staying close to 154,000 dinars for every $100 in both Baghdad and Erbil.

In Baghdad, trading at the Al-Kifah and Al-Harithiya exchanges reached 154,150 dinars per $100. This was lower than the previous rate of 154,600 dinars, showing a slight gain for the Iraqi dinar.

At local exchange shops in the capital, the dollar was selling for 154,500 dinars per $100, while buyers were paying 153,500 dinars.

The dollar also eased in Erbil, the capital of the Kurdistan Region. Exchange shops were selling $100 for 154,100 dinars and buying it for 154,000 dinars.

The latest figures show a modest improvement for the dinar as currency trading remained relatively stable across Iraq’s main markets.