Baghdad (IraqiNews.com) – The Iraqi dinar continued its upward trend against the US dollar on Saturday, with exchange rates recording a further decline by the close of business in Baghdad and Erbil.
Closing figures from Baghdad’s central Al-Kifah and Al-Harithiya exchanges showed the dollar trading at 139,600 dinars per 100 US dollars. This rate represented a 200-dinar drop from the prices recorded during the morning’s trading sessions.
In the capital’s local exchange shops, the selling price for the dollar remained stable at 140,000 dinars per $100, while the buying price fell to 139,600 dinars, reflecting the lower wholesale rate.
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Meanwhile, currency markets in Erbil, the capital of the Kurdistan Region, saw even lower rates. The dollar was selling for 139,400 dinars and buying for 139,250 dinars per 100 US dollars. The continued decrease in the dollar’s value reflects a persistent strengthening of the local currency in Iraq’s main economic centers.
