A government source discloses the reasons for the rise of the dollar in the Iraqi markets

A government source discloses the reasons for the rise of the dollar in the Iraqi markets

2021-08-08 02:01

A government source discloses the reasons for the rise of the dollar in the Iraqi marketsShafaq News/ A source in the Iraqi government considered, on Sunday, that the rise in dollar prices is within a limited range, indicating that the holidays and the suspension of the Central Bank auction to sell hard currency affect it.

The source said in an interview with Shafaq News Agency, “The rise we are witnessing today and Saturday is in a limited range, and the dollar exchange rate will not exceed 1500 dinars.”

The source, who requested anonymity, added that “the official holidays from Friday and Saturday and the holiday that follows on Monday on the occasion of the first of Muharram affected the rise in the price of the dollar due to the suspension of the hard currency auction of the Central Bank these days,” adding that “merchants and exchange owners are taking advantage of Such conditions are to raise prices despite the lack of demand and the abundance of supply.”

The source pointed out that “these prices will soon decrease as soon as the bank begins its auction on an ongoing basis.”

It is noteworthy that the price of the dollar rose during the two days against the Iraqi dinar, to reach today in the main stock market 147,950 dinars per 100 dollars.

shafaq.com