Home
Determinants of the exchange rate of the dollar in the Iraqi market.. An expert explains the factors
economy Iraq Central Bank of Iraq Iraqi dinar dollar exchange rate Sulaymaniyah Stock Exchange Economist
2023-06-11 08:35
Shafaq News/ The economist, the spokesman for the Sulaymaniyah Stock Exchange in the Kurdistan Region, Jabbar Goran, explained on Sunday the
factors affecting the determination of the exchange rate of the US dollar against the Iraqi dinar. Goran told Shafaq News agency,
"Determining the exchange rate in the local markets is related to four determinants, the
"There are also monetary determinants, which are related to the
"determining the exchange rate in the federal budget for the current year affected the exchange rate of foreign currency in the market.
After it reached approximately (149,000) thousand dinars per ($100), it has now fallen to (146,000) thousand dinars per ($100).)". And that
"the budget decision alone is not sufficient to control the price of the dollar in the market," explaining that
"the difference exceeds (15) thousand dinars, and
this is a big difference that requires the Central Bank of Iraq to take other and additional measures to control the price of the dollar."
Regarding the reasons for the rise in the exchange rate from the official price, a spokesman for the Sulaymaniyah Stock Exchange indicated that
are all reasons affecting the instability of the exchange rate.” dollar.” Goran concluded, saying,
"The Central Bank of Iraq now grants approximately (200) financial invoices per week for foreign transfers, after it did not exceed (50) invoices per week, due to the financial audits on the accounts of those invoices."
https://shafaq.com/ar/اقتصـاد/محددات-سعر-صرف-الدولار-في-السوق-العراقية-خبير-يوضح-العوامل
economy Iraq Central Bank of Iraq Iraqi dinar dollar exchange rate Sulaymaniyah Stock Exchange Economist
2023-06-11 08:35
Shafaq News/ The economist, the spokesman for the Sulaymaniyah Stock Exchange in the Kurdistan Region, Jabbar Goran, explained on Sunday the
factors affecting the determination of the exchange rate of the US dollar against the Iraqi dinar. Goran told Shafaq News agency,
"Determining the exchange rate in the local markets is related to four determinants, the
- first of which is citizens' expectations that are usually linked to government decisions (statements by officials), and the
second is related to determining the exchange rate in official transactions, especially financial budgets." He added,
"There are also monetary determinants, which are related to the
- monetary policy of the Central Bank of Iraq, which is represented in the quantities of dollar pumping and the
mechanism for distributing the dollar in the markets, the last of which is the financial policy of the state." Goran emphasized that
"determining the exchange rate in the federal budget for the current year affected the exchange rate of foreign currency in the market.
After it reached approximately (149,000) thousand dinars per ($100), it has now fallen to (146,000) thousand dinars per ($100).)". And that
"the budget decision alone is not sufficient to control the price of the dollar in the market," explaining that
"the difference exceeds (15) thousand dinars, and
this is a big difference that requires the Central Bank of Iraq to take other and additional measures to control the price of the dollar."
Regarding the reasons for the rise in the exchange rate from the official price, a spokesman for the Sulaymaniyah Stock Exchange indicated that
- “currency smuggling operations outside the country, as well as the process of
not pumping all the money that some banks buy from the Central Bank, as well as
administrative and financial corruption,
are all reasons affecting the instability of the exchange rate.” dollar.” Goran concluded, saying,
"The Central Bank of Iraq now grants approximately (200) financial invoices per week for foreign transfers, after it did not exceed (50) invoices per week, due to the financial audits on the accounts of those invoices."
https://shafaq.com/ar/اقتصـاد/محددات-سعر-صرف-الدولار-في-السوق-العراقية-خبير-يوضح-العوامل
