Economist: Talk of rising exchange rate is a media frenzy to serve this group.
Economist: Talk of rising exchange rate is a media frenzy to serve this group.
12-1-2025
Information/Baghdad…
Economic researcher Diaa Abdul Karim believes that the talk circulating in the street and the media about the rise in the dollar exchange rate is nothing but a media frenzy to serve the interests of some money traders.
Abdul Karim told Al-Maalouma, “The exchange rate at official and parallel sales outlets remains fixed at certain figures despite the slight rise and fall that has occurred, but at the same time it is not considered a change in the exchange rate.”
He added that “the Iraqi public is apprehensive after rumors spread in the media about an expected rise in exchange rates, but the reality is different, as there is no official government move towards raising the exchange rate, and what happened is just a media frenzy.”
He explained that “the government and the monetary authority determine the official exchange rate, and it is unlikely that the rate will be changed at present or even with the arrival of the new government, especially given the stability witnessed in the local markets.”
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