Dollar climbs against Iraqi dinar as market volatility persists

BAGHDAD, Iraq — The U.S. dollar has risen against the Iraqi dinar in Iraqi markets, continuing recent exchange rate volatility. Market sources point to the gap between the Central Bank of Iraq's currency auction sales and trading prices in the interbank market as a key driver of the rate's movement. Exchange bureaus and banks in Baghdad and other cities continue to display elevated dollar rates, placing pressure on consumer prices for everyday goods and imported products. Officials say regulatory and intervention tools remain active to maintain stability in the foreign exchange market. Market observers note that currency demand typically increases during certain periods of the year, contributing to upward pressure on rates. The Central Bank of Iraq has stated that policies aimed at preserving exchange rate stability will continue.