Iraq trading closes with a weaker dollar

The US dollar exchange rate declined against the Iraqi dinar this evening, Wednesday, following the closure of trading sessions in Baghdad and Erbil. The selling price in Baghdad was 167,500 dinars per 100 dollars, with a buying price of 166,500 dinars. In Erbil, the selling price was 166,700 dinars, and the buying price was 166,600 dinars per 100 dollars. This decline comes after the implementation of the new exchange rate, with the Central Bank confirming that adjusting the dollar's exchange rate will stimulate the private sector and encourage economic growth. The bank also stated that the new exchange rates have been in effect starting today, and ongoing efforts are underway to stabilize the markets and combat currency speculators.

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