Chambers of Commerce: The dollarization of the markets has decreased, and the exchange rate will reach 140
Chambers of Commerce: The dollarization of the markets has decreased, and the exchange rate will reach 140
4-15-2023
Information / special..
The head of the Chambers of Commerce in Diyala, Muhammad al-Tamimi, confirmed, on Saturday, that the circulation of the dollar in the markets decreased by 10%.
Al-Tamimi said in an interview with Al-Maalouma, that “the use of the dollar in commercial exchange and the payment of debts at home, or what is known as the dollarization of markets, decreased by 10% for the first time in many years, and the demand for the dinar began to be greater in ending deals and exchanges between merchants in the local markets.” .
He added, “The decline in dollarization led to a lack of demand for buying dollars from parallel markets and pushed the exchange rate to 144,000 dinars per $100,” expecting that “the exchange rate will reach 140,000 dinars per $100 at the end of this April.”
He pointed out that “the government’s steps to make important changes in the Iraqi markets are taking place at a good pace so far by limiting the use of the dollar at home, restricting the exit of hard currency abroad, and adopting the principle of electronic trading in transferring funds, which will directly enhance control efforts.”
The Diyala markets and the rest of the provinces are witnessing a remarkable decline in the exchange rate of the dollar recently, and it reached 144, while it was about 160 weeks ago.
almaalomah.me
