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The stability of the Iraqi dinar exchange rate against the dollar today economy

manhattantribune.com by manhattantribune.com
9 February 2025
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The stability of the Iraqi dinar exchange rate against the dollar today economy
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Baghdad- Today, Sunday, the Iraqi dinar exchange rate witnessed relatively stability against the dollar in the official and parallel market alike, with the opening 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

The Iraqi dinar exchange rate continued today to persevere against the dollar in official transactions, as the bulletin of the results of selling the daily foreign currency issued by the Central Bank of Iraq indicated that the total reinforcements abroad amounted to about 280.49 million dollars and a total cash withdrawal of $ 11.7 million, and a total total sale of 292.19 One million dollars, and these official recorded prices:

  • The sale price for transfers, documentary credits, and international electronic cards: 1310 dinars per dollar.
  • Cash sale price: 1305 dinars per dollar.

The Iraqi dinar exchange rate today, Sunday, in the parallel market

The Iraqi dinar exchange rate stabilized today, Sunday, against the dollar in the parallel market in Baghdad, Erbil and Basra, with a disparity not exceeding 5 dinars per dollar, and these prices at the time of this report:

  • The price of the dollar on the main struggle exchange in Baghdad was 1503.5 dinars.
  • The price of the dollar in the banking stores in Baghdad was 1501 dinars when purchasing and 1505 dinars when selling.
  • On the main Erbil Stock Exchange the price was 1502.5 dinars per dollar.
  • In the banking stores in Erbil, the purchase price reached 1501.5 dinars, and the sale price is 1502.25 dinars.
  • The price of the main Basra Stock Exchange was 1505 dinars.
  • The price of the dollar in Sulaymaniyah was 1503 dinars.
  • The price of the dollar in Kirkuk was 1504.5 dinars.
  • The price of the dollar in Mosul was 1503 dinars.
  • The price of the dollar in Karbala was 1504 dinars.
  • In Najaf the exchange rate reached 1503.5 dinars.
  • In Dohuk the exchange rate reached 1503 dinars.

https://www.youtube.com/watch?v=zah22yl3hkm

Factors affecting the dinar exchange rate

  • Currency sale auction: The volume of daily sales in the currency sale auction significantly affects the exchange rate.
  • Central Bank proceduresThe measures taken by the central bank in addressing external transfers play an important role in stabilizing the exchange rate.
Tags: dinardollareconomyexchangeIraqiratestabilitytoday
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