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[rtl][size=33]Observers: The rise of the dollar will not stop, and most travelers resort to the parallel market[/size][/rtl]
[rtl]WRITTEN BY: SOCIAL BAGHDAD[/rtl]
[rtl]The dollar exchange rates in local markets witnessed unstable jumps until they approached 160 thousand dinars for every 100 dollars, in conjunction with information about American intentions to impose sanctions on new banks that do not comply with the conditions for transferring and financing trade using the dollar.
Experts said that the rise of the dollar will not stop for several reasons, including the fact that ninety percent of travelers outside the country resort to the parallel market to secure the dollar due to the complexities and ambiguity of the procedures, pointing out that the number of travelers is not small and they constitute a pressure factor on the parallel market because the purchase rate is estimated at millions of dollars daily, which means An increase in demand amid a limited supply, which leads to a gradual rise in the exchange rate. They also explained that the rise of the dollar means an increase in prices and thus draining the pockets of the simple people who are directly affected, in addition to the presence of more than ten percent who are at risk of poverty in all governorates. 11
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[rtl]WRITTEN BY: SOCIAL BAGHDAD[/rtl]
- 09-21-2023
[rtl]The dollar exchange rates in local markets witnessed unstable jumps until they approached 160 thousand dinars for every 100 dollars, in conjunction with information about American intentions to impose sanctions on new banks that do not comply with the conditions for transferring and financing trade using the dollar.
Experts said that the rise of the dollar will not stop for several reasons, including the fact that ninety percent of travelers outside the country resort to the parallel market to secure the dollar due to the complexities and ambiguity of the procedures, pointing out that the number of travelers is not small and they constitute a pressure factor on the parallel market because the purchase rate is estimated at millions of dollars daily, which means An increase in demand amid a limited supply, which leads to a gradual rise in the exchange rate. They also explained that the rise of the dollar means an increase in prices and thus draining the pockets of the simple people who are directly affected, in addition to the presence of more than ten percent who are at risk of poverty in all governorates. 11
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