A member of the Parliamentary Finance Committee talks about the reasons for the rise of the dollar
A member of the Parliamentary Finance Committee talks about the reasons for the rise of the dollar
10-8-2024
Information/Special..
Former Finance Committee member Mohammed Al-Shabaki explained today, Tuesday, the reasons for the continued rise in the dollar exchange rate in local markets.
Al-Shabaki said in a statement to Al-Maalouma Agency, “The rise in the dollar exchange rate and its reaching more than one hundred and fifty thousand is related to the volume of sales provided by the Central Bank through the foreign currency sales window,” indicating that “the higher the dollar sales, the lower the exchange rates in the local markets.”
He added, “The high demand for the dollar during this period is one of the direct reasons for the rise in its price, in addition to the increasing demand for it,” adding, “Until now, there are no serious government treatments to end this issue that recurs from time to time, and all treatments are not at an acceptable level.”
The exchange rate of the dollar against the dinar has recorded a noticeable increase in the stock exchange and exchange shops in the capital, Baghdad, and the governorates over the past few days.
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