Sudden rise in the price of the Iraqi dinar against the dollar leads to confusion in the currency exchange traders

Sunday, May 20 / May 2012 17:00

Baghdad {: News} Euphrates has seen a remarkable rise of the Iraqi dinar against the dollar after its value decreased lasted for several months.

He returned Iraqi dinar exchange rate to the normal rates of $ 123 thousand dinars for the paper category hundred dollars, a little like what it was before 3 months.

The exchange rate of the dinar against the dollar has declined significantly, reaching to 130 thousand dinars for the paper category percent dollars.

The traders in the market for reporters and Euphrates News Agency {} upheaval that happened two days ago, the dinar exchange rate against the dollar as the exchange rate is not stabilized and remained range for more than five hours causing a major disruption to the traders at the price of the dollar.

They said the big rise in the exchange rate of the dinar against the dollar happened since the morning on Thursday and reached to 123 thousand dinars for the paper category hundred dollars and then back down to 127 thousand dinars, and then returned, bringing once again to be settled on 123 000 dinars of the paper unit.

He explained that the relative stability of these happened today in the dinar exchange rate and we expect that the dinar is witnessing a rise of up to 120 thousand dinars per dollar.

Traders do not know the real reasons for this sudden rise of the Iraqi dinar. Ended

alforatnews.com