US dollar closes lower against Iraqi dinar in Baghdad and Erbil

BAGHDAD, Iraq — The US dollar closed lower against the Iraqi dinar in Tuesday evening trading at the exchanges in Baghdad and Erbil, according to official bourse data. Both the capital and the Kurdistan Region's administrative center recorded a decline in the dollar's price compared with the previous session's close. Market participants said the drop reflected intraday supply and demand dynamics rather than policy changes, with the day's trading activity ending in a downward trend. Officials announced the closing rates in line with the Central Bank of Iraq's daily reference prices. Interbank transaction volumes shifted only marginally from the previous day, with no significant movement reported in the broader market. No official statement was issued explaining the change. Analysts noted that the dollar's decline at the close of the session could support short-term stability for the Iraqi dinar, though no further official guidance was provided on the currency's near-term direction.