Baghdad (IraqiNews.com) – The US dollar continued its decline against the Iraqi dinar in Sunday morning trading, extending a downward trend seen in recent days across the key markets of Baghdad and Erbil.
Local market sources reported that the dollar’s rate at Baghdad’s central Al-Kifah and Al-Harithiya exchanges dropped to 139,550 dinars per 100 US dollars. This compares to a rate of 140,000 dinars recorded on Saturday.
In the capital’s local exchange shops, the selling price for the dollar was recorded at 140,500 dinars, while the buying price reached 138,500 dinars per 100 US dollars.
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The dollar also saw a decline in Erbil, the capital of the Kurdistan Region, with a selling price of 139,300 dinars and a buying price of 139,100 dinars. The consistent downward movement of the dollar’s value indicates a sustained strengthening of the Iraqi dinar in the nation’s currency markets.
