An economist reveals the reason for the Iraqi dinar’s decline against the dollar

An economist reveals the reason for the Iraqi dinar’s decline against the dollar

Posted, 06/11/2020 19:53

An economist reveals the reason for the Iraqi dinars decline against the dollarBaghdad today _ Baghdad

The economic expert, Abdul-Hassan Al-Shammari, revealed today, Wednesday, the reason for the high dollar exchange rate and the low price of the Iraqi dinar.

Abdul-Hassan Al-Shammari said, in an interview with (Baghdad Today), that “the devaluation of the Iraqi dinar is very little, due to the lack of sales at the auction during this period.”

Al-Shammari added, “The rise of the Iraqi dinar will return as it was in the past, immediately after selling at the currency auction,” stressing that “the government controls the value of the central dinar through the central bank.”

And between the economic expert, that “the dollar’s rise and the Iraqi dinar’s decline are temporary, partial and very simple.”

And rose the dollar exchange rates, today, Tuesday, on the stock market struggle and local markets, against the Iraqi dinar.

The prices of the Kifah Stock Exchange – Baghdad recorded 124,300 dinars per 100 dollars.

The selling and buying prices came in the banking shops:

The sale price of the dollar = 125,000 dinars.

The purchase price of the dollar = 124,000 dinars.

baghdadtoday.news