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Economist: The drop in the dollar exchange rate against the dinar is an exceptional case
Today 18:04
information / special
The economic expert, Hashem Al-Habboubi, attributed, on Wednesday,
the reason for the decline in the exchange rate of the dollar against the Iraqi dinar in the local stock exchange to the anticipation of the vote on the ministerial cabinet, explaining that
the decline is an exceptional case and will return as it was a few days ago. Al-Haboubi said in a statement to “Information” that
“the drop in the exchange rate of the dollar against the Iraqi dinar on the local exchange from 147 thousand dinars per 100 dollars to 145 thousand was caused by
"this case of decline is exceptional and
the exchange rate will return to what it was a few days ago," noting that
"the central exchange rate is from the policy of the central bank and
it is not easy to manipulate the price because the Iraqi economy is currently built on an exchange rate of 1460 dinars per dollar, and if this is done, the decline will be gradual".
It is noteworthy that the stock market for buying and selling hard currency witnessed a decline during the past two days, as the exchange rate of the hundred dollar denomination reached 145,000 dinars.
Economist: The drop in the dollar exchange rate against the dinar is an exceptional case
Today 18:04
information / special
The economic expert, Hashem Al-Habboubi, attributed, on Wednesday,
the reason for the decline in the exchange rate of the dollar against the Iraqi dinar in the local stock exchange to the anticipation of the vote on the ministerial cabinet, explaining that
the decline is an exceptional case and will return as it was a few days ago. Al-Haboubi said in a statement to “Information” that
“the drop in the exchange rate of the dollar against the Iraqi dinar on the local exchange from 147 thousand dinars per 100 dollars to 145 thousand was caused by
- anticipation of the vote on the cabinet and the
submission of a parliamentary request to re-exchange the dollar to 120 thousand dinars per 100.” dollar". He added that
"this case of decline is exceptional and
the exchange rate will return to what it was a few days ago," noting that
"the central exchange rate is from the policy of the central bank and
it is not easy to manipulate the price because the Iraqi economy is currently built on an exchange rate of 1460 dinars per dollar, and if this is done, the decline will be gradual".
It is noteworthy that the stock market for buying and selling hard currency witnessed a decline during the past two days, as the exchange rate of the hundred dollar denomination reached 145,000 dinars.
