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[size=38]An Economist Expects A Rise In Real Estate Prices Due To The “Chaos” Of The Currency Market
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2022/02/19 | 3:31 PM
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Information / Baghdad..
The economist, Nabil Al-Marsoumi, expected, on Saturday, a rise in real estate prices and a decline in the sales of the Central Bank of Iraq in the coming days.
Al-Marsoumi said, in a Facebook post, which was seen by / the information / that “the unexpected response from the Minister of Finance and the accompanying turmoil in the currency market will prompt most people to give up their dollar savings and convert them into the Iraqi dinar.”
He added, "The demand for land, real estate and gold will rise in the absence of confidence in the Iraqi banking system and because it is a store of value, which will lead to an increase in their prices or people hoard some of their savings in Iraqi dinars."
The economist also expected that "the sales of the Central Bank of Iraq will decline in the coming days due to the increase in the dollar's supply in the local market."
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