Al -Jazeera Net Correspondents
3/23/2025–|Last update: 3/23/202510:47 PM (Mecca time)
Baghdad – The Iraqi dinar exchange rate against the dollar decreased in trading on Sunday in a relative manner in the parallel market with stability in the price in the official market, in light of the opening of the weekly activity of the currency exchange market in the capital, Baghdad and the rest of the provinces.
The exchange rate of the Iraqi dinar against the dollar in official transactions
- Selling price for transfers, documentary credits and international electronic cards: 1310 dinars for the dollar.
- Selling price: 1305 dinars per dollar.
- Selling price in banks: 1310 dinars per dollar.
It is noteworthy that the central bank does not buy the dollar, but only sells it through the dollar sale platform, because it is the main source of the dollar in Iraq, and it gets it in exchange for selling oil globally.
It is noteworthy that the decision to sell in banks is fixed and binding on it from the central bank in its capacity as a decision and not a consultant, and the price is not related to the fluctuation of prices in the parallel market, and the sale of this price is for the categories specified by the central bank, which is the category of travelers exclusively.
The Iraqi dinar exchange rate today, Sunday, in the parallel market
- The exchange rate of the dollar against the Iraqi dinar today increased in the parallel market, with a variation not exceeding 2.5 dinars per dollar, until the time of writing this report.
- The price of the dollar in Baghdad reached 1475 dinars when selling and 1462 dinars when purchasing, and the price was on Saturday for sale 1472.5 dinars, while the purchase price was 1460.
- In Erbil, the sale price reached 1475.5 dinars and the purchase price was 1474 dinars, after yesterday evening 1475 dinars for sale, while the purchase price was 1472.5 dinars.
- The exchange rate in Basra reached 1475.5 dinars for sale and 1472 dinars for purchase in transactions today, Sunday, after he registered yesterday evening for sale 1473 dinars. As for the purchase, it was 1471 dinars.
The Iraqi dinar exchange rate against other currencies
The euro: 1421.5 dinars in banks, and 1574 dinars on stock exchanges.
Factors affecting the dinar exchange rate
- Currency auction, the daily sales volume of the currency sale auction significantly affects the exchange rate.
- Central Bank actions, the measures taken by the Central Bank in dealing with external transfers play an important role in stabilizing the exchange rate.
- Traders need the dollar to import goods from countries that suffer from US economic sanctions (especially Iran), as merchants intend to go to the parallel market to pay the bills of those imported goods, which leads to high demand against supply.
- Withdrawing the dollar from entities dealing with the Iranian side, sometimes some traders and brokers are bought dealing with the Iranian side of the dollar from the Iraqi market in large quantities to send to Iran, which needs the dollar in its international dealings.
- The smuggling of the dinar into other countries, some merchants smuggle the dinar to other countries to benefit from the exchange rate difference between the official and the parallel.
- Merchants of merchants through leaked information or rumors.
