Government official: The rise in the price of the dollar in the Iraqi market is caused by “speculators”

Government official: The rise in the price of the dollar in the Iraqi market is caused by “speculators”

2022-05-29 08:16

Government official - The rise in the price of the dollar in the Iraqi market is caused by speculatorsShafaq News/ Today, Sunday, a government official attributed the decline and rise in the local market to currency speculators.

The official, who asked not to be named, said in an interview with Shafak News Agency, “What we are witnessing today is a slight increase or decrease in the price of the dollar against the Iraqi dinar, which is due to the presence of currency speculators,” noting that “these decline and rise are in a limited range as a result of the bank’s control. The central bank on the price of the dollar in Iraq.

He added, “The rise that we are currently seeing in the price of the dollar in the Iraqi markets is due to the citizens’ demand to buy the dollar, especially with the collapse of the local currencies of neighboring countries,” noting that “the delay in the descent of the balances in Dubai that the banks bought through the auction in the form of remittances during the past week had It also affected the rise in the price of the dollar.

He stressed that “the rise that is currently taking place is not significant in light of the control and control of the central bank on the price of the dollar through the auction that it conducts daily, as the central bank, which is currently selling up to 200 million dollars per day, can raise this value to put pressure on the market and lower the price.”

The local markets are witnessing a slight and gradual increase in the price of the dollar against the Iraqi dinar, and one dollar recorded today, Sunday, 148,200 Iraqi dinars.

shafaq.com