Dollar closes lower against Iraqi dinar in Baghdad and Erbil markets

BAGHDAD, Iraq — The US dollar declined against the Iraqi dinar in closing trading on Wednesday in the Baghdad and Erbil foreign exchange markets, local traders said. Buying and selling prices fell compared with the previous day, with limited demand supporting a downward trend in intraday pricing. The Central Bank of Iraq's morning exchange rate served as the reference for the session, and reduced interbank activity also contributed to the lower closing levels. Regional currency markets traded quietly, allowing horizontal trading to continue in Iraq. The new price range that emerged after the decline is being closely watched by retailers and small businesses. Market sources said the post-closing prices were partially reflected at retail exchange offices, though no further details were immediately available.