Baghdad (IraqiNews.com) – The US Dollar exchange rate climbed to 155,250 IQD in Baghdad this Saturday as political and security tensions continue to unsettle the local markets. This latest increase comes just twenty-four hours before the official constitutional deadline for the Coordination Framework to name a new Prime Minister. In Basra, the selling price reached a peak of 155,500 IQD per $100, while Erbil markets traded slightly lower at 155,000 IQD.
Traders are reportedly hoarding hard currency following yesterday’s drone attack on the Kuwaiti border and the ongoing freeze on cash shipments from the United States. The Central Bank of Iraq continues to maintain an official rate of 130,000 IQD despite the widening gap in the parallel market.