Iraqi dinar holds steady against US dollar in early trading

BAGHDAD, Iraq — The Iraqi dinar traded flat against the US dollar in the country's free market in early trading on Wednesday, with the Central Bank of Iraq's official rate for the previous session set at 1,310 dinar per dollar. Market sources said the dollar was buying at roughly 1,310 dinar in the morning session on Tuesday, and no clear directional change was reported in currency markets on Wednesday. The calm in money markets was reflected in flat opening transactions at banks and exchange offices. Officials noted that volatility could resume following the short period of stability, while investors and small traders closely watched the government's latest statements on exchange rate policy. Analysts said import firms were revising their payment schedules based on the current rate. Exchange offices reported no morning rush, and interbank transfers continued at a normal pace. No further details on market direction were immediately available.