US dollar rises against Iraqi dinar at week’s open in Baghdad markets

BAGHDAD, Iraq — The US dollar gained ground against the Iraqi dinar in Saturday morning trading in Baghdad, according to data from currency exchange offices in the capital. Exchange bureau employees said the spread between buying and selling prices was maintained at the morning open and that demand showed no notable change compared with regular trading days. Market sources attributed the upward move to limited dollar supply at the start of the week. Attention is now turning to the daily official rate that the Central Bank of Iraq is expected to announce, with traders watching whether it aligns with the parallel-market movement seen earlier in the day. Local merchants said fluctuations in the currency market directly affect import costs, prompting close tracking of daily price updates. No further details were immediately available on the central bank’s forthcoming rate announcement.