Dollar drops in Baghdad and Erbil
Markets in Baghdad and Arbil experienced a decline in the US dollar exchange rate against the Iraqi dinar at the end of October 7, 2026, with the rate dropping to approximately 167,000 dinars per 100 dollars, compared to 168,500 dinars in the morning. These changes occurred amidst government efforts and parliamentary initiatives to review the decision to increase the exchange rate, aiming to protect financial and monetary stability. This comes alongside calls to host financial officials, as well as a decree to suspend the Baghdad Airport director and other officials for 60 days.
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