On Tuesday, the exchange rates of the US Dollar against the Iraqi dinar dropped in both Baghdad and Erbil markets. The US Dollar’s value decreased in Baghdad’s central exchanges, while gold prices experienced mixed trends, edging lower in Baghdad and surging in Erbil. The fluctuations in currency and gold prices reflect ongoing economic shifts in the region, impacting traders and consumers alike.

US Dollar Exchange Rates

The US Dollar exchange rates saw a decrease in Baghdad and Erbil on Tuesday. According to Xendan, the rate at Baghdad’s central Al-Kifah and Al-Harithiya stock exchanges settled at 149,000 dinars for every 100 dollars, down from 149,350 dinars on Monday. In Baghdad’s currency exchange stores, the selling rate was set at 150,000 IQD and the buying rate at 148,000 IQD per 100 USD. Meanwhile, in Erbil, the selling price reached 149,050 dinars, with the buying price at 149,000 dinars per 100 dollars.

Gold Prices in Iraq and Kurdistan Region

Gold prices in Baghdad experienced a slight decline on Tuesday. On Al-Nahr Street, 21-carat gold, including Gulf, Turkish, and European varieties, was sold at 528,000 IQD per mithqal, with a buying price of 524,000 IQD. Iraqi gold was sold at 498,000 IQD, with a buying price of 494,000 IQD. In local jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 530,000 and 540,000 IQD, while Iraqi gold sold for between 500,000 and 510,000 IQD.

In contrast to Baghdad, gold prices surged in Erbil. The selling price of 24-carat gold was recorded at 610,000 IQD per mithqal, 21-carat gold at 535,000 IQD, and 18-carat gold at 460,000 IQD.