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Parliamentary Finance: The dollar exchange rates will continue to decline against the dinar in Iraq
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Baghdad Today - Baghdad
Today, Thursday (March 21, 2024), the Parliamentary Finance Committee expected the continued gradual decline of the dollar exchange rate in the parallel market in the coming days.
Committee member Mustafa Al-Karaawi told “Baghdad Today” that “the decline in the market at the dollar exchange rate is the result of the decisions and measures taken months ago to confront the dollar crisis. We have said from the beginning that resolving the crisis requires time, until the results of those decisions and measures appear.” ".
Al-Karawi stated, “The coming days will witness a continuous and gradual decline in the dollar exchange rate in the parallel market, and this will push towards complete official control over the dollar, and will push prices in the market to be reduced, after they rose due to the rise of the dollar in the parallel market.”
It is noteworthy that the parallel market for the dollar has been witnessing for days in Baghdad and the rest of the governorates a noticeable decline in the exchange rate, as it recorded at 1,490 dinars after touching 1,700 dinars in the past months.
The Central Bank of Iraq sells the dollar at the official price of 1,320 dinars.
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