Baghdad: The dollar exchange rates recorded stability today, Saturday, in the local markets in the capital, Baghdad, as well as in Basra and Erbil.
According to National Iraqi News Agency, the exchange rates today stood at $100 equaling 151,000 dinars in Baghdad and Basra, while in Erbil, the rate was slightly higher at $100 equaling 151,100 dinars. This stability comes as a relief to local traders and investors who have been keeping a close eye on currency fluctuations in the region.
The consistent exchange rate across these major cities indicates a period of economic steadiness, which can be beneficial for both local businesses and consumers. The minimal difference in Erbil’s rate reflects a localized economic condition but remains largely aligned with the capital and Basra.
This stabilization of the dollar-dinar exchange rate is crucial as it impacts import costs, inflation, and overall economic health in Iraq. The current rates are being closely monitored by financial analysts and government official
s to ensure continued stability in the markets.