A “rumor” is causing a significant drop in dollar prices in Iraq
A “rumor” is causing a significant drop in dollar prices in Iraq
2022-10-19 01:34
Shafaq News/ On Wednesday, specialists attributed the decline in dollar prices in the Iraqi markets to rumors and speculators.
The Oasis Exchange Office said in an interview with Shafaq News Agency, “The rumors circulating about the new government’s intention to reduce the price of the dollar against the Iraqi dinar to be 130,000 dinars for 100 dollars, and the possibility that it will be returned to its old price prompted citizens to sell their dollar banknotes. This led to a large supply compared to demand in the local markets.
While a government official considered in an interview with Shafaq News Agency that “speculators in the dollar exchange are active in such markets, taking advantage of the government formation process to spread such rumors with the intention of profit.”
He pointed out that “what was circulated a while ago by some officials and representatives about the government’s intention to change the dollar exchange rate was denied by the Parliamentary Finance Committee,” adding that “the Prime Minister in charge of forming the government had previously admitted that there were negative effects on the decision to raise the dollar exchange.”
It is noteworthy that the exchange rates of the dollar decreased in the Iraqi markets, for the Kifah Stock Exchange to trade today, Wednesday, at 147,000 dinars, compared to 100 dollars, after it recorded yesterday, Tuesday, the price of 147,600
shafaq.com
