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[rtl][size=33]Economists attribute the dollar's rise to the continuation of the currency auction by selling it weekly[/size][/rtl]
[rtl]WRITTEN BY: SOCIAL BAGHDAD[/rtl]
[rtl]Experts in the field of economics confirm that the budget has nothing to do with the exchange rate, as it includes large financial expenditures funded in dinars, and these funds will be transferred to foreign goods and services denominated in dollars, which will increase the demand for dollars.
Economists said that approving the general budget for Iraq could not lead to a decrease in the exchange rate of the dollar as a result of the factors that control the Iraqi economy.
They expect the dollar exchange rate to continue to rise against the Iraqi dinar without any change, considering that the mechanism for managing monetary policy in the country is wrong, while they indicated that the currency auction continues to sell hundreds of millions of dollars per week, which raises many questions about the final beneficiary of the quantities of dollars sold.
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[rtl]WRITTEN BY: SOCIAL BAGHDAD[/rtl]
- 01-07-2023
[rtl]Experts in the field of economics confirm that the budget has nothing to do with the exchange rate, as it includes large financial expenditures funded in dinars, and these funds will be transferred to foreign goods and services denominated in dollars, which will increase the demand for dollars.
Economists said that approving the general budget for Iraq could not lead to a decrease in the exchange rate of the dollar as a result of the factors that control the Iraqi economy.
They expect the dollar exchange rate to continue to rise against the Iraqi dinar without any change, considering that the mechanism for managing monetary policy in the country is wrong, while they indicated that the currency auction continues to sell hundreds of millions of dollars per week, which raises many questions about the final beneficiary of the quantities of dollars sold.
[You must be registered and logged in to see this link.][/rtl]
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