Economist: The rise of the dollar in Iraq is linked to external fluctuations
Economist: The rise of the dollar in Iraq is linked to external fluctuations
12-31-2025
Information/Baghdad…
Economic expert Duraid Al-Anzi confirmed on Wednesday that the recent fluctuations in the dollar exchange rate in Iraq are not a result of monetary policies, but rather reflect the direct effects of fluctuations in neighboring foreign currencies.
Al-Anzi told the Information Agency, “The dollar exchange rate is experiencing frequent, but limited, rises and falls. The main reason is the economic and political pressures in neighboring countries, which directly affect import activity and prices in the Iraqi market.”
He added, “The Iraqi dinar is asserting its strength in the local market, making some imported goods relatively cheap at present,” emphasizing that this process is beyond the control of the Central Bank or the Iraqi government.
Al-Anzi pointed out that “the stability of neighboring currencies could lead to a stabilization of the dollar exchange rate in Iraq at certain levels,” explaining that the current situation reflects the actual demand for dollars in regional trade and not any internal changes in the Iraqi economy.
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