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Economic: Stopping trading in the yuan caused the dollar to rise
Today 19:59
Information/private..
Today, Tuesday, economic expert, Diaa Mohsen, explained the most important reasons for the rise in dollar prices in Iraq, while confirming that the exchange rate has not reached 160.
Mohsen said in a statement to the Al-Ma’louma Agency,
“The Central Bank of Iraq’s blunders and its bad management in this file raised the price of the dollar against the Iraqi dinar,” noting that
“stopping remittances in the Chinese yuan, whose trade price amounts to 53 billion dollars, had a great impact.” He continued,
"The volume of trade with China is large, and dealing in dollars cannot be done according to American dictates," pointing out that
"limiting the sale of dollars inside Iraqi airports is a wrong decision and a major cause of the dollar crisis."
It is noteworthy that dollar prices rose during the past week, after the Central Bank’s decisions to sell dollars at airports and stop transactions with Chinese remittances, until it reached 151 thousand dinars, compared to 100 dollars. Ended 25 / J
https://almaalomah.me/news/69858/economy/اقتصادي:-إيقاف-التعامل-باليوان-تسبب-بارتفاع-الدولار
Today 19:59
Information/private..
Today, Tuesday, economic expert, Diaa Mohsen, explained the most important reasons for the rise in dollar prices in Iraq, while confirming that the exchange rate has not reached 160.
Mohsen said in a statement to the Al-Ma’louma Agency,
“The Central Bank of Iraq’s blunders and its bad management in this file raised the price of the dollar against the Iraqi dinar,” noting that
“stopping remittances in the Chinese yuan, whose trade price amounts to 53 billion dollars, had a great impact.” He continued,
"The volume of trade with China is large, and dealing in dollars cannot be done according to American dictates," pointing out that
"limiting the sale of dollars inside Iraqi airports is a wrong decision and a major cause of the dollar crisis."
It is noteworthy that dollar prices rose during the past week, after the Central Bank’s decisions to sell dollars at airports and stop transactions with Chinese remittances, until it reached 151 thousand dinars, compared to 100 dollars. Ended 25 / J
https://almaalomah.me/news/69858/economy/اقتصادي:-إيقاف-التعامل-باليوان-تسبب-بارتفاع-الدولار
