A government source reveals the reasons for the dollar’s decline against the Iraqi dinar
A government source reveals the reasons for the dollar’s decline against the Iraqi dinar
2021-09-01 00:59
Shafaq News/ A government source attributed, on Wednesday, the decline in the price of the dollar against the Iraqi dinar in the local markets to the lack of demand and the increase in central bank sales.
The source said in an interview with Shafaq News Agency, “The gradual decline in dollar prices in the stock market and local markets is due to the lack of demand and the increase in sales of the Central Bank,” noting that “the decrease will not be less than the prices at which the Central Bank sells, which amount to 146 thousand dinars per 100 dollars.” .
The source, who asked not to be named, added that “the weak activity of the main wholesale markets during these days was reflected in the weak demand for buying the dollar.”
He pointed out that “the rise in central bank sales to more than 240 million dollars is another reason for the decline in dollar prices,” adding at the same time that “dollar dealers try from time to time to raise and lower prices for profit purposes, but they remain limited.”
It is noteworthy that the price of the dollar gradually decreased in the Iraqi markets to reach 147,200 dinars per 100 dollars on the main stock exchange.
shafaq.com
