Along with the neighboring summit in Baghdad, the Iraqi dinar rose against the dollar in banking trading today.
The Iraqi government hopes that the neighboring summit, which began in Baghdad today, will contribute to its decision to support the Iraqi economy, which has been hit hard by a number of crises.
The summit, for the first time in more than 20 years, comes in light of Baghdad’s pursuit of economic integration with its neighbors.
Local media reported that the average price of the dollar was 1463.63 dinars and 1463.91 dinars for sale at exchange offices and local markets in the Iraqi capital Baghdad.
The average price of the dollar in Iraq varies between 10 and 20 dinars between the Kifa Stock Exchange (Baghdad Stock Exchange) and the rest of the province, up or down.
The Central Bank of Iraq decided before revising the exchange rate of the dollar against the Iraqi dinar because the purchase price of the dollar from the Ministry of Finance was 1450 dinars.
As for the selling price of the dollar to the banks, it was fixed at 1460 dinars per dollar, while it was set at 1470 dinars per dollar per citizen.
In mid-August, the finance committee of the Iraqi parliament decided to keep the exchange rate at its current level.
According to Iraq’s official news agency, group member Naji al-Sayedi said, “The real value of the Iranian dinar will be determined by the exchange rate of the dollar against the dollar, so the exchange rate will be over the next five years.
“The devaluation of the dinar has increased the competitiveness of Iraqi prices, based on which foreign goods benefit from the strength of the Iraqi dinar against the dollar because the dollar is the global currency, and whenever the exchange rate of the dollar rises, the competitiveness of commodities rises and falls because Iraqi exports are lower.
Euro and Pound rates
The average price of the euro against the Iraqi dinar in today’s trade was about 1724.94 dinars, compared to 1733.21 dinars, 1727.01 dinars, and 1728.31 dinars at the close of trading yesterday, Friday.
The average price of the pound sterling against the Iraqi dinar was 2014.57 dinars for buying, and 2020.56 dinars for 2017.31 dinars and 2019.68 dinars compared to yesterday’s sale.
Rial, dirham and dinar prices
The average exchange rate of the Saudi riyal against the Iraqi dinar was 390.63 dinars for buying, and 389.85 dinars for 390.28 dinars, compared to 391.01 dinars, at the close of trading on Friday.
The average price of the UAE dirham fell against the Iraqi dinar, comparing 398.50 dinars to 398.92 dinars and 398.85 dinars to 398.50 dinars.
The average price of the Kuwaiti dinar against the Iraqi dinar was 4872.28 dinars and 4857.03 dinars compared to 4862.22 dinars for the sale of 4876.54 dinars yesterday.
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