The exchange rate of the dollar against the Iraqi dinar on Thursday set a new record in the currency markets of the Kurdistan Region
Shwan Hadi, a currency trader in the Sulaymaniyah market, told PUKmedia that the exchange rate of 100 US dollars against the Iraqi dinar reached 150,750 dinars today, after it was 150 thousand and 150 dinars on Wednesday.
Hadi attributed the reason to the increasing demand for its purchase by companies, traders and citizens, noting that the price hike has nothing to do with the Iraqi Central Bank.
The prices of the rest of the currencies against the Iraqi dinar are as follows:
100 euros = 182.750 dinars.
100 pounds = 211.750 dinars.
100 Turkish liras = 18.000 dinars.
100 thousand Iranian toman = 6.750 dinars.
In late 2020, Iraq's Central Bank has devalued the national currency against the US dollar by almost 20 percent to address financial crisis brought by low oil prices which resulted in a huge hike in dollar prices.