Dollar prices drop in Baghdad as Erbil stock exchange closes
Shafaq News/ On Saturday, theexchange rates ?f the US dollar against the Iraqi dinar edged lower in Baghdad,coinciding with the closure of the Erbil stock exchange during the officialholidays.
According to Shafaq News Agency'ssurvey, the dollar's rates dropped around 2 PM, reaching 151,350 dinars for 100dollars in Al-Kifah and Al-Harithiya stock exchanges, compared to 152,200dinars in the morning.
The selling andbuying rates at currency exchange stores in Baghdad were set at 152,500 IQD and150,500 IQD per 100 USD, respectively.
Meanwhile, economic expert Mohamedal-Husseini attributed the decline to the Central Bank’s decision to lower theinterest rate from 7.5% to 5.5%, following a decrease in the inflation rate,which led to a drop in the dollar exchange rate in local markets.
