The exchange rate of the US dollar climbed slightly in Erbil’s local currency market. This follows a general upward trend seen across other regions.
At the start of the day, the selling price of 100 US dollars in Erbil reached 139,100 dinars. Meanwhile, the buying rate stood at 138,950 dinars. Local traders confirmed this increase during early morning market activity.
Currency dealers in Erbil noted that this minor rise aligns with recent shifts in the broader financial landscape. They also linked the change to ongoing demand fluctuations and pressures on the dollar supply in the region.
While the increase is not dramatic, local residents and businesses are keeping a close eye on the situation. Many worry that further instability in the exchange rate could impact daily expenses and import prices.
Although Erbil’s rates remain slightly lower than Baghdad’s market figures, both cities have seen noticeable movement in the dollar-to-dinar exchange since early this week.
Financial experts in Erbil expect the market to remain volatile over the next few days. They urge traders and customers to monitor rates carefully and avoid unnecessary speculation.