The dinar value has strengthened against the U.S. dollar in the Kurdistan Region and across Iraq. Economic experts say that bank transfers and political developments are the main reasons behind the dinar’s rise. The increase in the dinar’s value shows growing confidence in Iraq’s financial system.
Dr. Jabar Goran, a financial market analyst in Sulaymaniyah, said: “Today, Thursday, $100 exchanges for 150,500 IQD. Compared to Wednesday, the dinar rose by 4,000 IQD. This Iraqi dinar rise reflects recent banking activity and market responses to political developments.”
Specialists point to three main factors for the rise of the dinar against the dollar. First, several central and southern Iraqi banks resumed transfers that were previously restricted by the Asykoda system. These transfers increase liquidity in the market and support the dinar’s growth. Second, similar transfers have started in banks in the Kurdistan Region.
If these transfers continue, the dinar could gain even more value in the coming days. Third, political developments play a role. Pressure from the U.S. State Department on Iraq to integrate some Popular Mobilization Forces into the cabinet affects market confidence. If Iraq complies, the dinar’s value could rise further.
Analysts note that the dinar’s rise is not only a result of banking activity. Political signals and market expectations also influence the currency. Traders and citizens closely monitor the exchange rate as small changes can affect investments, trade, and daily transactions.
The dinar’s continued increase against the dollar could strengthen local markets and encourage more financial activity. Economic experts advise observing both banking trends and political developments, as these will determine whether the dinar keeps rising or stabilizes.
