Rise in Dollar Exchange Rates and Relative Stability in Local Gold Markets

mesoiraq - Local exchange markets recorded a new increase in the value of the US dollar, with the selling price reaching 156,000 Iraqi dinars per $100 in the governorates of Baghdad, Erbil, and Basra, while the buying price stood at 155,500 dinars. Concurrent with this rise, gold prices witnessed relative stability. In Erbil markets, a mithqal of 22-karat gold recorded 1,004,000 dinars, 21-karat reached 960,000 dinars, and 18-karat hit 822,000 dinars. This stability in the precious metal's prices comes amid anticipation of currency market fluctuations and their impact on commercial activity.