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US dollar exchange rate increases in Baghdad, Erbil

Baghdad ( – The US greenback exchange charge in opposition to the Iraqi dinar rose in Baghdad and Erbil on Thursday with the closure of the two key inventory exchanges in the place.

The US greenback exchange amount enhanced with the closure of Baghdad’s Al-Kifah and Al-Harithiya stock exchanges, exactly where the trade price reached 1,474.5 dinars after it was 1,471 dinars on Thursday early morning.

The exchange fee in currency exchange shops in Baghdad ranged among 1,485 dinars and 1,465 dinars, Shafaq Information claimed.

In Erbil, the US greenback trade price ranged concerning 1,473 dinars and 1,472 dinars.

The Central Lender of Iraq (CBI) introduced in February 2023 that it started making use of the new exchange level of the US greenback, which is 1,300 dinars versus one particular US dollar.

The past official exchange price was 1450 dinars to a person US dollar, which was getting exchanged in the parallel industry at a level of 1550 dinars.

In January 2023, the trade charge of the US greenback in opposition to the local forex attained 1610 dinars, when the official trade price remained 1450 dinars per dollar, with a hole in between the two trade charges of much more than 10 p.c.

The write-up US dollar trade rate will increase in Baghdad, Erbil appeared 1st on Iraqi News.