The USD IQD Exchange rate declined in Baghdad and Erbil on Thursday, as the dollar opened lower across Iraq’s currency markets. Traders reported the dollar trading around 166,400 Iraqi dinars for every 100 US dollars during early transactions.
In Baghdad, currency exchanges at Al-Kifah and Al-Harithiya recorded the dollar at 166,500 dinars per 100 dollars. This marked a decrease from Wednesday’s rate of 167,000 dinars, reflecting a modest downward movement in the local market.
Meanwhile, exchange shops in the capital maintained slightly different buying and selling prices for customers. Sellers offered 100 US dollars for 167,000 dinars, while buyers paid 166,000 dinars for the same amount.
In Erbil, exchange shops quoted lower selling and buying prices than those reported in Baghdad’s main exchange markets. The dollar sold for 166,350 dinars per 100 dollars, while exchange offices bought the same amount for 166,250 dinars.
These figures show that customers encountered different rates depending on their location and whether they bought or sold dollars. Therefore, anyone exchanging currency should compare prices between providers before completing a transaction.
The USD IQD Exchange market often records differences between wholesale exchange rates and the prices offered by individual currency shops. These variations can reflect local demand, available cash, operating costs, and the margins applied by exchange businesses.
Thursday’s figures indicate a decline from the previous session in Baghdad’s major exchanges, although the movement remained relatively limited. However, the latest quotations alone do not establish whether the dinar will continue strengthening throughout the day.
Exchange rates can change as trading activity develops, and prices may vary between individual businesses. Customers should confirm the current rate directly with exchange shops before making larger currency transactions.
The USD IQD Exchange rate remains an important indicator for households and businesses that depend on dollar-denominated payments. Changes in the dollar’s value can affect import costs, travel expenses, and other transactions involving foreign currency.
For now, the latest market readings point to a lower dollar rate in Baghdad and Erbil compared with the previous session’s Baghdad quotations. Further trading will determine whether the downward movement continues or the market settles around the current levels.
