The dollar continues to decline in local markets.
The US dollar exchange rate recorded a new decline in the markets of the capital, Baghdad, with the closing of the stock exchange this evening, Tuesday.
The dollar price decreased with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 143,800 dinars for every $100, after it had recorded 144,000
dinars for every $100 this morning. The selling prices in exchange offices in the local markets in Baghdad also decreased, as the selling price reached 144,750 Iraqi dinars for every $100, while the buying price reached 142,750 dinars for every $100. Read as 1427.5 dinars per 1 dollar
Exchange offices and the local stock exchange in most Iraqi governorates recorded a decline in the dollar exchange rate against the Iraqi dinar on Tuesday, part of a slight and gradual decline that has been ongoing for days. In the final hours of closing, the exchange rate for $100 reached 143,000 dinars, a difference of 11,000 dinars from the official exchange rate adopted by the Central Bank of Iraq, which is 1,320 dinars to the dollar.
Baghdad:
Sale: 144,000
Purchase: 143,500
Basra:
Sale: 143,500
Purchase: 143,000
Nineveh:
Sale: 144,200
Purchase: 144,000
Dhi Qar:
Sale: 144,500
Purchase: 143,500
Diyala:
Sale: 144,000
Purchase: 143,000
Wasit:
Sale: 144,500
Purchase: 143,500
Maysan:
Sale: 144,500
Purchase: 143,500
Najaf:
Sale: 144,000
Purchase: 143,500
Muthanna:
Sell: 144,250
Buy: 143,000
Babylon:
Sell: 144,500
Buy: 143,500
Karbala:
Sale: 144,500
Purchase: 143,000
Anbar:
Sell: 144,500
Buy: 143,500
Diwaniyah:
Sale: 144,000
Purchase: 143,750
Kirkuk:
Sale: 144,000
Purchase: 143,500
Dohuk:
Purchase: 144,000
Erbil:
Purchase: 143,6000
Sulaymaniyah:
Purchase: 143,750
A significant decline in the dollar in Iraq
The exchange rate of the dollar against the dinar in Iraq witnessed a significant decline on Tuesday evening (May 6, 2025).
Here is an evening list of dollar prices in Iraq:
Baghdad: 143,550 dinars for sale and 143,450 dinars for purchase.
Erbil: 143,450 dinars for sale and 143,450 dinars for purchase
Basra: 143,600 dinars for sale
Nineveh: 143,700 dinars for sale
Sulaymaniyah: 143,750 dinars for sale
The exchange rate this morning reached 144,000 to 100 dollars.
It is noteworthy that the Central Bank of Iraq sells the dollar at the official exchange rate of 1,320 dinars.
Trump announces a halt to strikes on the Houthis: They have declared their surrender to us.
US President Donald Trump revealed on Tuesday evening that the Houthis "announced their surrender" to the United States and would stop targeting ships, stressing that Washington, in turn, would stop bombing Yemen.
Trump said that the Houthis in Yemen have "surrendered" to the United States, saying they will not attack ships and that Washington will halt strikes, according to Russia Today Arabic.
"The Houthis said yesterday they no longer want to fight, and that's good news. We will immediately cease airstrikes in Yemen. I accept the Houthis' word that they will cease their attacks, and we have decided to cease our bombing immediately," he added.
Reform plan to align banking services for Iraq’s private and public sector workers
Iraq’s Private Banks League has announced a plan to integrate private sector employees into the national banking system, granting them access to loans and financial services under terms similar to those offered to public sector workers.
The move is part of a broader banking sector reform effort guided by international consulting firms Ernst & Young and Oliver Wyman. Ernst & Young is focused on restructuring Iraq’s public banks, while Oliver Wyman is leading reforms in the private sector.
“Our priorities for revitalizing the banking sector focus on building trust between citizens and banks, which means increased banking activity in the future,” said Ali Tariq, CEO of the Iraqi Private Banks League, in an interview with state-run Al-Iraqiya TV. “The broader goal is to reform the banking sector—both public and private.”
Tariq said the reform plan targets ownership structures, governance, anti-money laundering efforts, risk management, and improvements to business planning and customer services. He also pointed to ongoing developments in digital payments and housing finance, noting that a modern economy requires banks capable of functioning within the global financial system.
“We are seeing major progress in many sectors, and they need a solid banking system to sustain development,” he said. “This requires more flexible services, one of which is integrating private sector employees into the banking system.”
Under the plan, private sector workers will be able to open salary accounts and receive banking benefits with fewer collateral requirements. “They will be treated like public employees in terms of access to services,” Tariq said.
In Iraq, the Tawtin (localization) program currently enables public sector salaries to be paid directly into personal bank accounts, replacing traditional cash disbursements. The initiative aims to modernize financial services, reduce corruption, and promote financial inclusion. Enrolled employees gain access to benefits such as loans, debit cards, online banking, and streamlined services—all of which will now be extended to the private sector under the proposed reforms.
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