logo
Dollar prices stabilize in Baghdad, rise in Erbil

Dollar prices stabilize in Baghdad, rise in Erbil

Shafaq News24-07-2025
Shafaq News - Baghdad/Erbil
On Thursday, the exchange rates of the US Dollar against the Iraqi dinar remained stable in Baghdad and edged higher in Erbil market.
According to a survey by Shafaq News, the dollar's rates set at 139,500 dinars for every 100 dollars, at the closure of the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad.
The selling and buying rates at currency exchange stores in Baghdad reached 140,500 IQD and 138,500 IQD per 100 USD, respectively.
Erbil's selling price recorded 139,250 dinars for every 100 dollars, and the buying price was 139,000.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BP partnership targets Iraq gas upgrade
BP partnership targets Iraq gas upgrade

Shafaq News

time3 hours ago

  • Shafaq News

BP partnership targets Iraq gas upgrade

Shafaq News – Kirkuk Iraq has signed a development deal with British energy firm BP to modernize North Gas Company (NGC) facilities in Kirkuk, Deputy Prime Minister for Energy and Oil Minister Hayan Abdul Ghani announced on Wednesday. Speaking from NGC headquarters, Abdul Ghani framed the project as part of a wider strategy tied to four oil fields recently awarded to BP, stressing that upgraded infrastructure is essential to manage rising production volumes. 'The improvements will stabilize gas supply to power plants, drive industrial growth, and link Iraq's natural resources with international capabilities to strengthen the energy sector,' he clarified. NGC General Manager Ahmed Abdul Majid told Shafaq News the company now produces 380 million standard cubic feet of dry gas daily, alongside 1,100–1,200 tons of liquefied petroleum gas (LPG), 750 cubic meters of gasoline, and up to 125 tons of sulfur. Abdul Majid added that while dry gas and LPG serve local demand, gasoline is sold to private firms such as Al-Barham, and sulfur—now stockpiled at over 600,000 tons—is exported through the State Oil Marketing Organization. In turn, energy analyst Hassan Abdul Jabbar explained to Shafaq News that 'the BP partnership includes advanced systems designed to expand NGC's processing capacity and reduce operational waste.' He noted the project supports Iraq's long-term push for energy self-sufficiency by cutting dependence on imported gas and maximizing the country's domestic potential.

Iraq offers new transit air routes to meet airlines' growing demand
Iraq offers new transit air routes to meet airlines' growing demand

Iraqi News

time7 hours ago

  • Iraqi News

Iraq offers new transit air routes to meet airlines' growing demand

Baghdad ( – Due to increased demand from international airlines looking for routes through the country's airspace, the Iraqi Ministry of Transport started to open new air routes, a step that authorities believe might strengthen Iraq's worldwide aviation status. The spokesperson for the Ministry of Transport, Maytham al-Safi, told Iraq's official newspaper, al-Sabah, that the ministry has made considerable effort to establish aviation routes and improve the efficiency of operations to guarantee the safety and easy transit of planes across the country's airspace. The step is part of larger ambitions to increase international collaboration and modernize Iraq's aviation infrastructure, according to al-Safi. The Iraqi official explained that Iraq's Transport Ministry has received additional demands from worldwide carriers to access Iraqi airspace, noting that Iraq is a critical aviation connection between the East and West, as well as a crucial transit spot in the air navigation network, both regionally and internationally. Al-Safi stated that the step aims to improve Iraq's globally recognized airspace rating and fulfill the demands of international airlines. Earlier in July, the Iraqi Ministry of Transport revealed that more than 700 aircraft traveled across Iraqi airspace in a single day, marking the greatest level of aviation traffic ever recorded in Iraq. The achievement is an indicator of the government's national plan for rebuilding international trust in Iraqi airspace and improving operational preparedness to meet the highest standards. Director of Iraq's General Company for Air Navigation Services (GCANS), Abbas al-Baydani, explained that the organization has been able to carry out qualitative initiatives in a very brief period of time to build its infrastructure and improve personnel efficiency, reflecting Iraq's critical and essential position as a strategic air corridor connecting East and West. Several regional and international airlines have reverted to using Iraqi airspace as a key route for their flights due to Iraq's operational stability and precise air traffic control services.

Iraq expands solar access via KESK and Region Trade Bank partnership
Iraq expands solar access via KESK and Region Trade Bank partnership

Iraqi News

time7 hours ago

  • Iraqi News

Iraq expands solar access via KESK and Region Trade Bank partnership

Baghdad ( – In a move aimed at advancing Iraq's renewable energy sector, green-tech startup KESK has partnered with the Region Trade Bank for Investment and Finance to offer long-term loans for solar energy projects. The financing, part of the Central Bank of Iraq's initiative for affordable green lending, provides repayment terms of up to seven years and is available for residential, commercial, and industrial use. The initiative is designed to help Iraq address its ongoing energy challenges, including frequent power shortages, a heavy dependence on fossil fuels, and the environmental strain caused by outdated infrastructure. By enabling broader access to solar power, the program supports efforts to reduce carbon emissions and ease pressure on the national grid. KESK, founded by Iraqi sustainability advocate Basima Abdulrahman, has been at the forefront of promoting clean energy solutions in Iraq. The company's mission aligns closely with Iraq's growing interest in environmental reform, as climate change and rising temperatures continue to impact communities across the country.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store