Kurdistan: Three reasons identified for the rise in the dollar’s price
Kurdistan: Three reasons identified for the rise in the dollar’s price
2026-01-28 05:15
Shafaq News – Sulaymaniyah
On Wednesday, Jabbar Goran, the spokesperson for the currency market in Sulaimaniyah, revealed the reasons for the rise in the dollar exchange rate in the markets of the Kurdistan Region.
Goran told a Shafaq News Agency correspondent that the price of the dollar yesterday reached more than 157,000 Iraqi dinars for every 100 US dollars, while it declined this afternoon to about 155,000 dinars for 100 dollars.
He explained that there are three main reasons behind this rise, noting that the first reason is due to the lack of complete political agreement on the formation of the new government, and the accompanying state of political instability that is directly reflected in the market, in addition to the lack of dollar injections by the Central Bank of Iraq into the local markets.
He added that the second reason is the positions of US President Donald Trump and his objections to the formation of the government and the selection of some of the proposed figures for it, as well as the issue of the participation of some armed groups in the next government, which raises concerns among investors and market participants.
Goran explained that the third reason is related to the continued tension and indirect conflict between the United States and Iran, and the political and economic effects it has on Iraq and the region, stressing that these factors combined have contributed to the fluctuations and rise in the dollar exchange rate during the recent period.
shafaq.com
