A rapid drop in dollar prices in Baghdad, Erbil and the stock exchange shows

Shafaq News / The exchange rates of the US dollar against the Iraqi dinar continued to decline, on Sunday, on the main stock exchange in the capital Baghdad and Erbil, the capital of the Kurdistan Region.

A correspondent for Shafaq News said that the Al-Kifah and Al-Harth Central Exchange in Baghdad continued to trade after the closure and recorded at 11.40 at night 141,000 Iraqi dinars for 100 US dollars.

While the prices this morning were 147,750 dinars for 100 dollars.

Our correspondent pointed out that the selling and selling prices decreased in the banking shops in the local markets in Baghdad, where the selling price reached 140,000 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 142,000 Iraqi dinars per 100 US dollars.

In Erbil, the capital of the Kurdistan Region, the dollar price also fell, with the selling price of 143100 dinars against the dollar and buying the purchase of 141,000 dinars for 100 dollars.

Shirwan Taher, director of one of the banking offices in Erbil, told Shafaq News that “the stock exchange in the city of Erbil opened today at a decrease in prices, which is the first day of its opening at the beginning of this week. The stock exchange remains closed on Friday and Saturday in Erbil.”

He added that “the determination of the selling price by the central bank is one of the main factors of this decline, as it is expected that prices will continue to fall in the coming days as well, especially with the central bank injecting more amounts of money into the markets than in previous weeks.”

On the discrepancy in selling and selling prices, Taher said that “it is due to the fear of the owners of banking offices of losses that may be incurred by them with these sudden fluctuations in prices quickly.”