Baghdad (IraqiNews.com) – The exchange rate for the US dollar compared to the Iraqi dinar rose on Wednesday in the capital of the Kurdistan region of Iraq, Erbil, and remained stable in Baghdad, amid attacks targeting different facilities, particularly in northern Iraq.
The US dollar exchange rate remained stable in Baghdad’s Al-Kifah and Al-Harithiya stock exchanges, averaging 1,545 Iraqi dinars throughout the day.
The exchange rate in currency exchange shops in Baghdad ranged between 1,550 Iraqi dinars and 1,540 Iraqi dinars, Shafaq News reported.
In Erbil, the US dollar exchange rate slightly rose, fluctuating between 1,545 and 1,544 Iraqi dinars.
The current war between the US-Israeli coalition and Iran has also transformed Iraq into a battleground with frequent strikes from numerous sides.
Iraq has seen a considerable increase in attacks since the United States and Israel began their military action against Iran on February 28.
Missile and drone assaults have targeted diplomatic missions, military bases, and oil facilities, primarily within northern Iraq.
The Central Bank of Iraq (CBI) said in February 2023 that it has begun using the new US dollar exchange rate of 1,300 dinars to every US dollar.
The previous official exchange rate was 1,450 dinars to one US dollar, which was being exchanged in the parallel market at a rate of 1,550 dinars.
While the official exchange rate was 1,450 dinars per dollar in January 2023, the US currency was being exchanged at 1,610 dinars during the same month in the parallel market in Iraq. This variation indicated a difference of over 10 percent in the exchange rates.
