An economist expects the dollar exchange rate to continue to differ and explains the reason
An economist expects the dollar exchange rate to continue to differ and explains the reason
2024/07/19
An economic expert expected the dollar exchange rate to continue to rise and the difference with the official price to remain.
Salah Nouri told Al Furat News Agency, “The rise in the dollar price continues, and there remains a difference between the official price set by the Central Bank and the parallel market price, as long as trade continues with countries that have intersections with the United States of America, and the proceeds of oil sales in dollars are first deposited in the US Federal Reserve.”
He explained that “what is required of the Central Bank is to comply with the financial transfer system according to the international system.”
He pointed out that “the reason for the rise in the dollar price in the parallel market is the increase in demand for it by traders and citizens and the lack of supply.”
It is noteworthy that the local stock exchanges in Iraq record the exchange rate of the dollar at 1490 dinars, while it is 1320 dinars in the Central Bank of Iraq.
alforatnews.iq
