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A source reveals two reasons behind the decline in dollar prices in Iraq
Shafaq News/ Today, Sunday, a government source attributed the decline in dollar prices in local markets to the continuation of central bank sales and the lack of travel during this season of the year.
The source said in an interview with Shafaq News Agency, "The decline in dollar prices in the stock exchange and local markets is due to the lack of demand for it compared to what is offered in the stock market," noting that "dealers in the dollar try from time to time to raise and lower prices for profit purposes, but they remain limited. ".
The source, who preferred not to be named, added that "the bank's continuation of selling the cash dollar in the auction that it conducts daily contributed to increasing the dollar's supply in the local markets, as well as providing traders with what they need from the dollar to cover their imports of hard currency at prices lower than the market."
The source pointed out that "the lack of travel during these days of the year is another factor in the decline in dollar prices," adding at the same time that "the security conditions and rumors have a significant impact on dollar prices."
It is noteworthy that the price of the dollar gradually decreased in the Iraqi markets, bringing these prices on the main stock exchange to 147,900 dinars per 100 dollars.
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The source said in an interview with Shafaq News Agency, "The decline in dollar prices in the stock exchange and local markets is due to the lack of demand for it compared to what is offered in the stock market," noting that "dealers in the dollar try from time to time to raise and lower prices for profit purposes, but they remain limited. ".
The source, who preferred not to be named, added that "the bank's continuation of selling the cash dollar in the auction that it conducts daily contributed to increasing the dollar's supply in the local markets, as well as providing traders with what they need from the dollar to cover their imports of hard currency at prices lower than the market."
The source pointed out that "the lack of travel during these days of the year is another factor in the decline in dollar prices," adding at the same time that "the security conditions and rumors have a significant impact on dollar prices."
It is noteworthy that the price of the dollar gradually decreased in the Iraqi markets, bringing these prices on the main stock exchange to 147,900 dinars per 100 dollars.
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