ShafaqNews- Baghdad/ Erbil
The USdollar closed Sunday’s trading higher in Iraq, hovering around 156,500 dinarsper 100 dollars.
Accordingto Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah andAl-Harithiya exchanges at 156,450 dinars per 100 dollars, up from the morningsession’s 155,900 dinars.
In theIraqi capital, exchange shops sold the dollar at 157,000 dinars and bought itat 156,000 dinars, while in Erbil, selling prices stood at 156,250 dinars andbuying prices at 156,200 dinars.
Speaking toShafaq News, economist Kaweh Sheikh Ahmad linked the recent rise to broaderpolitical and security pressures in the region, particularly developments inLebanon and the prospect of an Iranian response, both of which have deepeneduncertainty in already volatile markets.
‘’Currencymovements were also influenced by Iraq’s rollout of the ASYCUDA unified customssystem at border crossings,’’ he added, arguing that some traders initiallysold dollars to buy dinars, expecting customs payments to be settled in localcurrency. However, ''delays and partial implementation of the system disruptedthose expectations,'' fueling renewed volatility in currency trading.