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US dollar exchange rate rises in Baghdad, Erbil

Baghdad ( – The US dollar trade fee against the Iraqi dinar rose in Baghdad and Erbil on Sunday with the closure of the two principal inventory exchanges in the nation.

The US dollar trade rate elevated with the closure of Baghdad’s Al-Kifah and Al-Harithiya inventory exchanges, exactly where the US greenback exchange level achieved 1,487 dinars right after it was 1,484 dinars on Sunday morning.

The exchange rate in forex exchange stores in Baghdad ranged amongst 1,497.5 dinars and 1,477.5 dinars, Shafaq News reported.

In Erbil, the US dollar exchange fee ranged involving 1,488.5 dinars and 1,486.5 dinars.

The Central Lender of Iraq (CBI) introduced in February 2023 that it started off implementing the new trade price of the US greenback, which is 1,300 dinars against 1 US dollar.

The previous formal exchange amount was 1450 dinars to one particular US greenback, which was becoming exchanged in the parallel industry at a amount of 1550 dinars.

In January 2023, the US dollar exchange charge in opposition to the neighborhood currency attained 1610 dinars, although the formal trade amount remained 1450 dinars per greenback, with a gap concerning the two exchange premiums of far more than 10 %.

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