Baghdad markets closed for Arbaeen; dollar rate eases in Erbil

BAGHDAD, Iraq — Financial markets in Baghdad remained closed Tuesday afternoon due to the Arbaeen pilgrimage, though some exchange offices continued serving customers. Open bureaus held the dollar rate steady, with a selling price of 152,250 Iraqi dinars and a buying price of 151,250 dinars per 100 dollars. In Erbil, the capital of the Kurdistan Region, the dollar rate edged lower. The selling price for 100 dollars fell to 152,300 dinars, while the buying price dropped to 152,250 dinars. Exchange offices in Baghdad kept operating on a limited basis as markets stayed shut for Arbaeen, which draws large numbers of pilgrims to Iraq each year. No further details on market activity were immediately available.