A government source identifies the reasons for the low exchange rate of the dollar in Iraq
A government source identifies the reasons for the low exchange rate of the dollar in Iraq
2021-08-25 00:45
Shafaq News/ A government source revealed, on Wednesday, that the decline in the dollar exchange rates will be limited, indicating that the price is affected by supply and demand.
The source said in an interview with Shafaq News Agency, “The gradual decline that the market is witnessing these days is limited and does not exceed the range of one dollar,” noting that “the dollar’s prices in the markets are currently affected by supply and demand.”
The source, who asked not to be named, added that “the dollar has not been floated in Iraq, and therefore currency dealers and dealers cannot raise or lower dollar prices significantly in light of market stability and the Central Bank’s continuing to sell the dollar through auction on a daily basis.”
The source also indicated that “the most important factors that greatly affect the exchange rates of the dollar are the decisions that are taken regarding changing the exchange rate of the dollar, in addition to the security and political conditions, albeit in a limited way as well.”
It is noteworthy that the price of the dollar against the Iraqi dinar gradually decreased during the current week to reach today on the main stock exchange 147,400 dinars per 100 dollars.
shafaq.com
