The Iraqi currency market began Tuesday with strong momentum and sharp attention from traders. Dollar climbs in Baghdad and Erbil appeared immediately in early trading. As a result, dealers across the country watched exchange boards closely. From the opening minutes, buying activity showed clear strength and steady confidence.
The US dollar traded near 150,000 dinars for every 100 dollars during morning sessions. This level marked a clear rise compared with the previous trading day. Therefore, the change attracted interest from currency dealers and business owners. Many traders reacted quickly to secure needed liquidity.
In Baghdad, major exchange hubs reflected the increase without delay. Traders at Al-Kifah recorded higher rates early in the session. Similarly, Al-Harithiya exchange followed the same upward path. Prices in both locations reached about 150,200 dinars per 100 dollars. Earlier, the market closed closer to 149,800 dinars, which highlighted the shift. Consequently, several traders adjusted their short-term strategies.
Meanwhile, exchange shops across the capital updated their pricing boards. Selling prices climbed to around 150,750 dinars. Buying prices settled near 149,750 dinars. These rates guided import payments, wholesale deals, and daily cash exchanges. At the same time, Erbil showed matching market behavior. Currency shops opened with steady customer demand. Selling prices reached about 150,000 dinars per 100 dollars. Buying prices hovered close to 149,900 dinars.
As trading continued, both cities showed aligned pricing trends. This consistency suggested balanced demand across regions. Dollar climbs in Baghdad and Erbil therefore reflected broader market sentiment. Additionally, traders linked the rise to ongoing import requirements. Businesses continued seeking dollars to cover foreign purchases. Expectations around future financial decisions also shaped buying behavior.
Retailers voiced concern about possible ripple effects. Higher exchange rates often increase the cost of imported goods. Shops may adjust prices to protect profit margins. Consumers could notice gradual price changes in the coming days. However, trading conditions remained calm and organized. Dealers completed transactions smoothly, without sudden jumps or disruptions.
By midday, attention remained focused on rate stability. Traders monitored small fluctuations and upcoming signals. Dollar climbs in Baghdad and Erbil continued guiding expectations for the rest of the week. For now, the dollar’s strength defines Iraq’s current currency landscape.
