Dagher discusses the reason behind the soaring dollar exchange rates in local markets.
Dagher discusses the reason behind the soaring dollar exchange rates in local markets.
9-14-2026
Information/Special…
Economic expert Mahmoud Dagher confirmed on Monday that exchange rates in the local market are rapidly affected by levels of stability or instability, as well as future expectations, whether political or economic. He explained that these factors are behind the recent rise in the dollar’s price on the parallel market.
Dagher told Al-Maalouma, “The instability in the region and its repercussions on Iraq, along with political and economic events and tensions, have contributed to market disruption and the rise in the dollar’s exchange rate.” He pointed out that “the price has exceeded 155,000 dinars per 100 dollars on the parallel market, compared to the official rate of 132,000 dinars per 100 dollars.”
He added that “reports circulating in some agencies and channels regarding Washington’s threat to withhold currency shipments to Iraq have destabilized the market and created expectations among traders that the exchange rate could continue to rise.” He noted that “such news and expectations directly influence market behavior and speculators, despite doubts about their veracity.”
Dagher stated that “addressing the high exchange rate must begin with its root causes and be done within the framework of the existing economic system,” emphasizing that “the dollar’s rise may continue as long as the underlying reasons persist, in addition to the continued negative expectations affecting market participants.” He called for addressing these factors to restore stability to the exchange market.
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