13 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Dollar Under Market and Government Pressures
The markets are monitoring the local market and exchange rates in Iraq, as Baghdad Stock Exchange opened trading at a rate of 169,100 dinars per 100 dollars, amid ongoing demand for the U.S. dollar. Despite the government's announcement of a plan to reduce the exchange rate to 155,000 dinars per 100 dollars, dollar prices in the parallel market continue to rise due to demand for the currency to finance trade with Iran outside official banking channels. The Central Bank of Iraq had announced on October 7, 2026, a modification of the official exchange rate to 1,500 dinars for purchases, 1,510 dinars for bank sales, and 1,520 dinars for sales to the public, reflecting the government's efforts to confront pressures on the local currency.
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