The Parliamentary Finance Committee explains the reasons for the decline in the dollar price: It is not due to government measures.
The Parliamentary Finance Committee explains the reasons for the decline in the dollar price: It is not due to government measures.
2025-05-27 03:54
Shafaq News/ Member of the Parliamentary Finance Committee, Jamal Kocher, considered on Tuesday that talk about measures taken by the government that contributed to the decline in the dollar exchange rate against the Iraqi dinar is “incorrect.”
“There are many reasons for this decline,” Kocher told Shafaq News Agency, noting that “the most prominent of these reasons is the stagnation of trade and the decline in demand for the dollar in the parallel market.”
He added, “The halting of projects and the government’s failure to pay contractors, in addition to the growing tensions among the Iraqi public, have led to a significant decline in demand for dollars in the market.”
The dollar exchange rate in Iraq has been gradually declining over the past few weeks, falling to less than 140,000 dinars to $100 today, according to a Shafaq News Agency correspondent.
With the escalation of economic crises in a number of countries around the world, increased customs restrictions, and a decline in global trade, these turmoils have had a profound impact on Iraqi markets, according to economic observers. Weak global demand has led to a decline in the need for the dollar for imports, directly contributing to a decline in its local price.
shafaq.com
