Shafaq News- Baghdad/ Erbil
The US dollar closed Saturday’s trading lower in Iraq,hovering around 157,000 dinars per 100 dollars.
According to Shafaq News market survey, the dollar traded inBaghdad's Al-Kifah and Al-Harithiya exchanges at 156,750 dinars per 100dollars, down from the morning session’s 156,850 dinars.
In the Iraqi capital, exchange shops sold the dollar at157,250 dinars and bought it at 156,250 dinars, while in Erbil, selling pricesstood at 156,850 dinars and buying prices at 156,750 dinars.
Jabar Goran, spokesperson for the dollar market inAl-Sulaymaniyah, told Shafaq News that recent fluctuations in the Iraqi dinar'sexchange rate against the US dollar “were driven by unfounded rumors.”
Goran added that discussions between the Kurdistan RegionalGovernment and the federal government on implementing the ASYCUDA customssystem are ongoing, noting that the two sides had signed a draft agreement. Hesaid the full implementation of the system at border crossings would contributeto greater stability in the dinar's exchange rate.
Over the past few days, the market exchange rate surged amidmedia reports that the federal government intended to raise the officialexchange rate from 132,000 to 160,000 dinars per 100 US dollars. The CentralBank of Iraq denied the allegations, reaffirming its commitment to maintainingexchange rate stability and meeting legitimate demand for foreign currency.
