Baghdad … The dollar’s exchange rate decline against the Iraqi dinar
Baghdad … The dollar’s exchange rate decline against the Iraqi dinar
SUN, 18-10-2020, AM 11:13
The exchange rates of the dollar decreased in the main stock markets and local markets, today, Sunday (October 18, 2020).
The Kifah Stock Exchange recorded 125,000 dinars compared to $ 100, while the stock exchange prices yesterday recorded 125,700 dinars.
Sales price: 125,500 dinars per $ 100.
Purchase price: 124,500 dinars per $ 100.
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Parliamentary Finance identifies 3 reasons for the dollar’s rise
19:39 – 10/18/20200
On Sunday, a member of the Parliamentary Finance Committee, Sherwan Mirza, identified 3 main reasons behind the high exchange rate of the US dollar against the Iraqi dinar in recent days.
Mirza said to “the information”, that “the exchange rate of the US dollar against the Iraqi dinar has witnessed a remarkable rise in the markets in recent days,” pointing out that “there are three main reasons. The first is currency dealers speculation, accompanied by multiple rumors, in addition to the Central Bank’s endeavor to classify banks.” And banking offices, in addition to a third reason, the most important of which is the central bank’s refusal to sell the US dollar.
Mirza added, “The dollar exchange policy is controlled by the Central Bank of Iraq as the other is an independent institution.”
The exchange rate of the US dollar against the Iraqi dinar has witnessed a remarkable rise in the past 3 days, amid a state of concern that it will be the beginning of a higher rise, which affects the prices of basic materials. Finished 25 F.
The Central Bank issues a clarification on reducing the exchange rate of the dinar against the dollar
09:33 – 10/18/20200
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The information / Baghdad ..
The Central Bank of Iraq issued, on Sunday, a clarification about the recent news regarding the reduction of the Iraqi dinar exchange rate against the dollar.
The bank said in a statement that the information received, a copy of it, that “the statements that have spread recently regarding (lowering the exchange rate of the Iraqi dinar against the dollar) represent the viewpoint of those who stated it and do not represent the official position of the Central Bank, and this was accompanied by a number of rumors launched by speculators. This affected the price (temporarily). ”
The statement added, “The exchange rate is fixed and unchanged, and its monetary policy is clear and transparent,” noting that “its foreign currency reserves are” very good “according to all international indicators and in a way that enables it to overcome the current crisis the country is going through.
The bank hopes that “the media will exclusively rely on the sources of the Central Bank in this regard.” End / 25