An economist identifies the “most important reason” behind the dollar’s decline in Iraq.
An economist identifies the “most important reason” behind the dollar’s decline in Iraq.
2025-05-10
Economist Nabil Al-Marsoumi said on Friday (May 9, 2025) that progress in the Iranian-American negotiations is the most important reason behind the rise in the exchange rate of the Iraqi dinar against the dollar.
Al-Marsoumi said in an analysis he published, “Although the rise in the dinar’s exchange rate against the dollar is linked to many factors, I believe the most important reason is the progress in the Iranian-American negotiations.”
He added, “If the negotiations lead to an agreement between Iran and the US, the exchange rate of the dollar against the dinar on the parallel market will be very close to the official rate between them.”
The Iraqi dinar’s exchange rate against the dollar has risen relatively over the past few days on the parallel market, while the official market rate has remained stable. The selling price for $100 reached 142,000 dinars.
The Prime Minister’s financial advisor, Mazhar Mohammed Saleh, said in a press statement that demand for dollars declined for three main reasons: “The Central Bank’s success in financing and encouraging small businesses immediately after lifting restrictions, and facilitating travelers’ access to dollars via cards and at airports at the official exchange rate.”
burathanews.com
