The US dollar exchange rate climbed in Baghdad and Erbil on Sunday, October 18, as trading opened higher across Iraq. The dollar traded around 167,900 Iraqi dinars per $100, reflecting an increase compared with the previous session.
In Baghdad, currency traders quoted the dollar at 168,000 dinars per $100 at the Al-Kifah and Al-Harithiya exchanges. This represented a rise from the previous session’s rate of 166,850 dinars for the same amount. The latest figures indicate an upward movement in the local currency market at the start of Sunday’s trading.
Exchange shops in the Iraqi capital also posted separate buying and selling prices. They sold $100 for 168,500 dinars while purchasing the same amount for 167,500 dinars. This difference between buying and selling rates reflects the margin exchange businesses maintain when handling currency transactions.
In Erbil, traders recorded slightly different prices compared with the capital. Exchange shops sold $100 for 167,750 dinars and bought it for 167,650 dinars. These figures placed Erbil’s selling rate below Baghdad’s quoted selling price on Sunday morning.
The gap between the two cities’ rates highlights differences in local market conditions. However, both markets continued to trade the US dollar at elevated levels compared with the previous Baghdad session. The available figures provide a snapshot of prices at the opening of Sunday’s trading rather than a full-day average.
The US dollar exchange rate remains an important indicator for businesses and consumers who depend on foreign currency transactions. Importers, retailers and other commercial operators often monitor daily changes because exchange costs can affect payments for goods and services purchased abroad.
Households also follow currency movements, particularly when they need dollars for travel, international transfers or other payments. Nevertheless, daily exchange-shop prices can differ according to location, demand and individual traders’ buying and selling policies.
The latest market figures show that Baghdad’s quoted dollar rate increased by 1,150 dinars per $100 compared with the previous session. Meanwhile, Erbil’s reported buying and selling prices remained close to one another, with a difference of 100 dinars per $100.
Sunday’s figures therefore point to continued movement in Iraq’s currency exchange market. Traders and customers will continue watching prices in both cities for further changes throughout the trading day.
