USD/IQD exchange rose on Thursday as the U.S. dollar strengthened across Iraq’s main trading centers. The currency opened higher, hovering around 154,000 Iraqi dinars per 100 dollars.
Market surveys showed the dollar traded at 154,250 dinars per 100 dollars in Baghdad’s Al-Kifah and Al-Harithiya exchanges, up from 153,850 dinars in the previous session. Meanwhile, traders reported steady demand despite recent volatility.
In Baghdad, exchange shops sold the dollar at 154,750 dinars and bought it at 153,750 dinars. Similarly, in Erbil, sellers listed the dollar at 153,950 dinars, while buyers paid 153,850 dinars.
Analysts said the USD/IQD exchange rate reflected both regional economic pressures and rising demand for U.S. dollars among traders. In addition, political uncertainty in Baghdad contributed to the currency’s upward movement.
Observers noted that cross-border trade and imports of goods also affected the USD/IQD exchange. As a result, businesses and importers are adjusting pricing to account for higher currency costs.
Currency dealers emphasized that daily fluctuations remain significant, and they advised traders to monitor the USD/IQD exchange closely before conducting large transactions. Meanwhile, small traders reported higher local transaction costs.
Financial experts predicted that the USD/IQD exchange rate may continue its upward trend in the short term if regional instability persists. They added that government intervention or central bank measures could moderate fluctuations.
Furthermore, banks in Baghdad and Erbil are reporting increased foreign currency requests, while local merchants are prioritizing liquidity in dollars. This demand intensifies pressure on the USD/IQD exchange rate.
In conclusion, the USD/IQD exchange rate continued rising in Iraq’s major cities. The increase reflects economic and political factors, heightened trading activity, and local demand for the U.S. dollar. Analysts warn that market participants should plan for ongoing volatility in the coming days.
