Economist: Three reasons behind the decline in dollar prices
Economist: Three reasons behind the decline in dollar prices
3-18-2023
Information/private..
Today, Monday, economic expert Zia Mohsen explained the reasons for the decline in the price of the dollar in Iraqi markets, noting that speculation is the most prominent of these reasons.
Mohsen said in a statement to Al-Maalouma, “The speculation operations that take place in order to remove some small traders from the market pushed them to pump the dollar more, which contributed to its decline.”
He added, “The decrease in the level of family purchases compared to the first days of Ramadan is one of the reasons for the decline,” pointing out that “the Central Bank’s turbulent policy and multiple decisions do not make the exchange rate stable.”
Mohsen added, “Exchange rates will rise again with the demand for spending on Eid al-Fitr.”
The Iraqi markets witnessed a significant decline in the exchange rates of the dollar against the Iraqi dinar after a wave of rise that affected the economic movement.
almaalomah.me
