The second rise during the day .. The dollar jumps after statements by officials
The second rise during the day .. The dollar jumps after statements by officials
MONDAY, 07-12-2020, PM 5:59
The exchange rate of the dollar rose on the main stock markets this evening, Monday (December 7, 2020).
And the price of the Kifah Stock Exchange closed at 126,850 dinars against $ 100, after the exchange rates this morning on the Kifah Stock Exchange recorded 125,850 dinars per 100 dollars.
As for the exchange rates in the local markets in Baghdad, they stabilized as:
Sales price: 127,500 dinars per $ 100.
Purchase price: 126,500 dinars per $ 100.
In Karbala, the dollar’s exchange rate rose against the dinar in the second increase during the day, as prices recorded:
Sale price: 127,000 dinars per $ 100.
Purchase price: 126,500 dinars per $ 100.
This comes after statements by officials about currency exchange rates, as the Parliamentary Finance Committee revealed, on Monday, negotiations that the Iraqi government is conducting with the International Monetary Fund to determine the exchange rate of the dinar against the dollar in Iraq.
The official Al-Sabah newspaper quoted the committee’s rapporteur, Ahmad Al-Saffar, as saying that one of the reasons for the “budget delay is due to negotiations between the Ministry of Finance and the International Monetary Fund to determine the exchange rate of the Iraqi dinar.”
Al-Saffar revealed that “there are opinions to reduce the exchange rate of the Iraqi dinar against the dollar,” indicating that “this measure will lead to inflation and negatively affect those with limited income who depend on their salaries.”
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