Shafaq News- Baghdad/ Erbil
The US dollar closed lower in Iraq on Saturday, hovering around 150,000dinars per $100.
According to Shafaq News market survey, the dollar traded at 152,000dinars per $100 in Baghdad's Al-Kifah and Al-Harithiya exchanges, down from152,600 dinars in the morning session.
In the Iraqi capital, exchange shops sold the dollar at 152,500 dinarsand bought it at 151,500 dinars. In Erbil, selling prices stood at 152,300dinars, while buying prices reached 152,250 dinars.
On Saturday, the Central Bank of Iraq (CBI) and the US TreasuryDepartment reached an agreement allowing seven Iraqi banks to resumecorrespondent banking relationships in foreign currencies. Prime Minister Alial-Zaidi hailed the measure as "an important step" in Iraq's bankingreform program, indicating it would strengthen confidence in the bankingsector, attract investment, and support economic growth.
Economist Mohammed al-Hassan also viewed the decision as a potentialboost for Iraq's currency market. Speaking to Shafaq News, he noted thatrestoring foreign transactions could gradually ease pressure on the parallelmarket by shifting part of the demand for US dollars —particularly from tradersand importers— to official banking channels, reinforcing confidence in theIraqi dinar as commercial transfers increase.