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Protests in Baghdad on the low value of the Iraqi dinar
He wrote in: June 17, 2015
Dozens of Iraqi traders in the beautiful industrial area east of the capital Baghdad to protest the low exchange rate of the Iraqi dinar, which hit its lowest value against the dollar yesterday for nearly twelve years.
The demonstrators carried banners denouncing down the Iraqi dinar exchange rates, demanding the government to take urgent action to prevent the deterioration of the local currency, said one of the participants in the demonstration that the market situation has deteriorated in the last week and stopped numerous acts of traders because of the fluctuation of the Iraqi dinar exchange rate against the dollar.
He added that traders importing goods from abroad in dollars and sold in the market in Iraqi dinars, the continuous decline in the dinar exchange rate display to large losses, adding that some of them decided to stop work temporarily until a stable exchange rate.
The Iraqi dinar has fallen in the local foreign exchange market exchange rate to one thousand four hundred and five thousand dinars per dollar, the lowest decline witnessed in the exchange rate since two thousand and three, where the rate was stable thousand and two hundred dinars to the dollar since then.
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He wrote in: June 17, 2015
Dozens of Iraqi traders in the beautiful industrial area east of the capital Baghdad to protest the low exchange rate of the Iraqi dinar, which hit its lowest value against the dollar yesterday for nearly twelve years.
The demonstrators carried banners denouncing down the Iraqi dinar exchange rates, demanding the government to take urgent action to prevent the deterioration of the local currency, said one of the participants in the demonstration that the market situation has deteriorated in the last week and stopped numerous acts of traders because of the fluctuation of the Iraqi dinar exchange rate against the dollar.
He added that traders importing goods from abroad in dollars and sold in the market in Iraqi dinars, the continuous decline in the dinar exchange rate display to large losses, adding that some of them decided to stop work temporarily until a stable exchange rate.
The Iraqi dinar has fallen in the local foreign exchange market exchange rate to one thousand four hundred and five thousand dinars per dollar, the lowest decline witnessed in the exchange rate since two thousand and three, where the rate was stable thousand and two hundred dinars to the dollar since then.
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