Dollar reaches 170,000 in Baghdad stock exchange

The Baghdad Stock Exchange experienced a sharp rise in the dollar exchange rate following the Central Bank's adoption of new exchange rates, reaching 170,000 dinars per 100 dollars. This comes after the official rate set by the bank was adjusted to 1,510 dinars for selling to banks and 1,520 dinars for citizens. This increase resulted from trading in the parallel market and expectations of an exchange rate adjustment in the 2027 budget, raising fears about its impact on prices of goods and services, as well as citizens' purchasing power, especially for those with limited incomes. These developments are part of economic measures to address current financial challenges.

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