Iraq receives the first blow from the crisis with the United States

Iraq receives the first blow from the crisis with the United States

08:31 – 06/01/2020

Iraq receives the first blow from the crisis with the United StatesBaghdad – Mawazine News:
The financial markets and the gold metal in Iraq recorded a big rise in prices today, Monday, after threats by US President Donald Trump to impose sanctions on the Iraqi state, if the coalition forces withdrew.
The owner of an exchange company, on the stock exchange in Al-Shorja market, in central Baghdad, revealed that “the exchange rate of the US dollar in the stock market, including exchange firms, banks, and the foreign currency auction, increased by 25 tigers, from (120,900) dinars per hundred dollars, to between (12,000) -125,000) Dinar for the $ 100 category.
And the currency dealer, his company, opened the morning at a selling price of 1219 Iraqi dinars, for the category of 100 US dollars, after he had closed the sale yesterday at a relatively stable price of 120900 dinars for the same dollar category mentioned.
And the merchant witnessed what he called “the burning of the market”, to manipulate the dollar in selling prices, sometimes upwards, and another that went down by a very slight difference, confusing dealings between merchants and companies, until midday, recording an increase of (123.000) Iraqi dinars, for a hundred dollar category.
The dollar exchange rate for the paper note “$ 100″ in southern Iraq increased to 125,000 Iraqi dinars, which can be increased.
And gold prices jumped to nearly the summit, in the Iraqi markets, in the morning, from 260 thousand dinars, for one weight “weight is 5 grams”, to 265 thousand, to rise after hours to 270 thousand Iraqi dinars.
And the prices of selling gold metal were set at the end of last year, when selling 255-250 thousand Iraqi dinars, equivalent to approximately 225 dollars, per weight, in particular, imported gold jewelery European, Turkish, and Gulf, at wages prices of not less than $ 9 USD per gram One, and not less than 50 thousand dinars, flat wages on jewelery with a weight less than the weight.
The price of selling locally made gold has also increased, in the market, from 245 thousand Iraqi dinars to 255 thousand dinars, and at a purchase price set by the goldsmiths for used jewelry. Ended 29 / h

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