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A thousand dinars every month.. An expert predicts the shape of the final journey of dollar prices
Economy |Today, 20:46 |
Baghdad today - Sulaymaniyah
Today, Wednesday (May 1, 2024), the economic expert, Farman Hussein, expected the continued decline of the dollar’s exchange rate against the Iraqi dinar until it reaches the official rate of the Central Bank of Iraq.
The Central Bank sells the dollar at a price of 1,320 dinars, while the dollar is currently trading in the local markets in Baghdad and the governorates, and in what is known as the “parallel market,” at 1,470 dinars or a little more.
Hussein told "Baghdad Today" that
"the efforts of the government and the Central Bank were important in strengthening dependence on the dinar, and quashing rumors that were promoting a significant rise in the price of the dollar and its crossing the barrier of 200 thousand dinars for 100 dollars." He added,
"The government erased fears of the rise of the dollar and increased reliance on the dinar, and the current demand for the dollar is only for those in need.
Therefore, we will go towards a greater decline and it may stabilize in the coming weeks at 140 thousand dinars."
Hussein expected "the dollar to decline gradually every month or two, at a rate of one or two thousand, to reach the official government rate."
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, had previously attributed the noticeable decline in the dollar exchange rate to “the economic policy that played a major role in imposing a climate of stability in the general level of the dollar exchange rates,” indicating that
“the state of superiority of the official exchange market in financing foreign trade.” For Iraq,
it caused a decline in the effects of the parallel market and a decline in its illegal activities.”
The Parliamentary Investment and Development Committee also acknowledged the decline in exchange rates and the achievement of positive results in the local markets in recent months, while
economic affairs specialists point out the necessity of preserving the economic gains achieved recently, especially the stability of prices in the local markets, which they attributed to the decline. Parallel dollar.
https://baghdadtoday.news/248384-ألف-دينار-كل-شهر.-مختص-يتوقع-شكل-الرحلة-النهائية-لأسعار-الدولار.html
Economy |Today, 20:46 |
Baghdad today - Sulaymaniyah
Today, Wednesday (May 1, 2024), the economic expert, Farman Hussein, expected the continued decline of the dollar’s exchange rate against the Iraqi dinar until it reaches the official rate of the Central Bank of Iraq.
The Central Bank sells the dollar at a price of 1,320 dinars, while the dollar is currently trading in the local markets in Baghdad and the governorates, and in what is known as the “parallel market,” at 1,470 dinars or a little more.
Hussein told "Baghdad Today" that
"the efforts of the government and the Central Bank were important in strengthening dependence on the dinar, and quashing rumors that were promoting a significant rise in the price of the dollar and its crossing the barrier of 200 thousand dinars for 100 dollars." He added,
"The government erased fears of the rise of the dollar and increased reliance on the dinar, and the current demand for the dollar is only for those in need.
Therefore, we will go towards a greater decline and it may stabilize in the coming weeks at 140 thousand dinars."
Hussein expected "the dollar to decline gradually every month or two, at a rate of one or two thousand, to reach the official government rate."
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, had previously attributed the noticeable decline in the dollar exchange rate to “the economic policy that played a major role in imposing a climate of stability in the general level of the dollar exchange rates,” indicating that
“the state of superiority of the official exchange market in financing foreign trade.” For Iraq,
it caused a decline in the effects of the parallel market and a decline in its illegal activities.”
The Parliamentary Investment and Development Committee also acknowledged the decline in exchange rates and the achievement of positive results in the local markets in recent months, while
economic affairs specialists point out the necessity of preserving the economic gains achieved recently, especially the stability of prices in the local markets, which they attributed to the decline. Parallel dollar.
https://baghdadtoday.news/248384-ألف-دينار-كل-شهر.-مختص-يتوقع-شكل-الرحلة-النهائية-لأسعار-الدولار.html
