A financial expert explains the reason for the continued rise in the exchange rate of the dollar against the dinar
A financial expert explains the reason for the continued rise in the exchange rate of the dollar against the dinar
12-25-2022
Information / Baghdad ..
Financial expert Ahmed Buraihi explained, on Sunday, the main reason behind the continued rise in the exchange rate of the US dollar against the Iraqi dinar, stressing that had it not been for government measures, the boom would have been more.
Buraihi said in a statement to Al-Maalouma, “The reason for the continued high exchange rate of the dollar against the Iraqi dinar is due to the lack of sales due to the restrictions imposed by America on money transfers.”
He added that “restricting transfers made sales less than demand, and if these restrictions continued, we are facing a further rise,” stressing that “if it were not for government measures and the central bank, the boom would have been more.”
It is noteworthy that the exchange rates of the dollar rose in the Iraqi market to more than 153 thousand dinars for every 100 dollars, at a time when the Central Bank sells one dollar for 1460 dinars.
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