logo
US dollar continues to fall against Iraqi dinar at Saturday's close

US dollar continues to fall against Iraqi dinar at Saturday's close

Iraqi Newsa day ago
Baghdad (IraqiNews.com) – The Iraqi dinar continued its upward trend against the US dollar on Saturday, with exchange rates recording a further decline by the close of business in Baghdad and Erbil.
Closing figures from Baghdad's central Al-Kifah and Al-Harithiya exchanges showed the dollar trading at 139,600 dinars per 100 US dollars. This rate represented a 200-dinar drop from the prices recorded during the morning's trading sessions.
In the capital's local exchange shops, the selling price for the dollar remained stable at 140,000 dinars per $100, while the buying price fell to 139,600 dinars, reflecting the lower wholesale rate.
Meanwhile, currency markets in Erbil, the capital of the Kurdistan Region, saw even lower rates. The dollar was selling for 139,400 dinars and buying for 139,250 dinars per 100 US dollars. The continued decrease in the dollar's value reflects a persistent strengthening of the local currency in Iraq's main economic centers.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Iraqi PM, Finance Minister sued over 2025 budget delay
Iraqi PM, Finance Minister sued over 2025 budget delay

Shafaq News

timean hour ago

  • Shafaq News

Iraqi PM, Finance Minister sued over 2025 budget delay

Shafaq News – Baghdad A legal complaint has been filed with the Supreme Judicial Council against Prime Minister Mohammed Shia al-Sudani and Finance Minister Taif Sami, Iraqi lawmaker Ahmed Majid confirmed on Sunday. Speaking to Shafaq News, Majid—who represents the Ishraqat Kanoon bloc, a six-member independent group formed after the 2019 protest movement—accused the government of breaching constitutional deadlines by 'failing' to submit the 2025 federal budget tables. He argued that the six-month postponement has weakened parliamentary oversight and disrupted core state operations, while urging the cabinet to immediately submit the full financial documents to restore legislative authority. Separately, MP Haider Muhammad al-Mutairi submitted a formal request to the Presidency of Parliament to summon Finance Minister Sami for public questioning. The request, obtained by Shafaq News, demands clarity on the postponement and its implications for national planning and spending. Sami met with the parliamentary Finance Committee on July 20 to discuss the government's financial program and the 2023–2025 budget law, attributing the holdup to oil market volatility and unresolved budget disputes with the Kurdistan Region, without providing a clear timeline. The 2025 budget forms part of Iraq's first multi-year fiscal plan, passed in June 2023, which requires annual submission of detailed revenue and expenditure breakdowns. On Friday, the Finance Committee reiterated that the government's failure to submit the 2025 figures constitutes a legal breach, pressing the cabinet to begin work on the 2026 budget.

Baghdad airport welcomes first Emirates Airbus A350 flight
Baghdad airport welcomes first Emirates Airbus A350 flight

Iraqi News

time5 hours ago

  • Iraqi News

Baghdad airport welcomes first Emirates Airbus A350 flight

Baghdad ( – In a landmark event for Iraq's aviation sector, Baghdad International Airport welcomed the inaugural flight of an Emirates Airbus A350 on Sunday, a move hailed by officials as a testament to the airport's modernizing capabilities. In a statement, Iraq's Ministry of Transport described the event as a 'significant' milestone for enhancing operational processes and the services offered at the capital's main airport. The ministry added that the reception of the new-generation aircraft confirms Baghdad International Airport's readiness to accommodate the latest global commercial planes. According to the statement, the event also 'reflects the growing confidence' in Iraq's air transport network and the ground handling services provided at the airport. The successful reception of the A350 is part of the airport's ongoing efforts to attract international carriers and keep pace with developments in the global aviation sector.

Iraq denies halt in improved gasoline production amid self-sufficiency push
Iraq denies halt in improved gasoline production amid self-sufficiency push

Iraqi News

time5 hours ago

  • Iraqi News

Iraq denies halt in improved gasoline production amid self-sufficiency push

Baghdad ( – An Iraqi oil official moved to quell public concern on Sunday, strongly denying widespread rumors that the country has halted the production of improved-grade gasoline. Rafid Sadiq, media director for the state-run Oil Products Distribution Company, stated to a local news agency that information about a halt in production is 'completely incorrect.' He stressed that there is no final stop to this production. 'No governorate in Iraq has registered any crisis at any station regarding the availability of improved gasoline; the situation is very normal,' Sadiq affirmed, adding there is 'no crisis whatsoever in production or distribution.' The denial addresses recent rumors that production had ceased due to a halt in imports. This comes as Iraq works towards a major strategic goal of ending gasoline imports this year, a plan announced by Prime Minister Mohammed Shia Al Sudani in July. While new facilities like the Karbala refinery are adding significant domestic supply, the country still partially relies on imports to cover all its needs. Sadiq's statement aims to reassure the public of market stability during this transitional period.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store