[size=30]3 billion dinars won by speculators and lost by citizens as a result of selling their dollars for licenses.. Rally to sue MPs who confused the market
2022-10-26
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Yes Iraq: Baghdad
It is known that during the past days, the exchange rates of the dollar decreased significantly and continuously until the purchase price of the exchange shops from citizens reached the dollar, at a price of 1455 dinars to the dollar. From reducing the price of the dollar and returning it to 1200 dinars to the dollar during the coming period.
These fears came as a result of the deputies’ statements that confused the markets, which prompted economists to open fire on the deputies who accused them of helping and increasing the profits of “speculators” as they caused the dollar to be offered in the market at a low price and to be bought by the citizen, before the dollar price returned to its real price in the days The coming time is when everyone realizes that the dollar will never change, and the demand for the dollar will rise again, which may raise it to 1485 dinars to the dollar, so that the citizen who sold his dollars will lose 30 dinars per dollar, and the speculators and exchange owners profit in return.
The economic researcher, Mustafa Abu Dhaif Allah, says that the fool is the one who sold his dollars because of the deputies’ campaign to reduce the price of the dollar, noting that “the banks and exchangers (speculators) are very thankful to the deputies who signed and say we have finished the Iraqi dinar that we own and we have bought all the dollar in the market, and the time has come. Let's sell our dollars, with a profit margin of 4-5%.
Addressing the citizens who sold their dollars at low prices these days, Abu Dhaifallah said that they had lost 3-5% of your dollars, so you should file a lawsuit against every deputy who participated in this deal, noting that “from the last hours of today’s date, the price hike continued The dinar against the dollar.
On the other hand, the economic researcher, Mortada Al-Azzawi, said that “anyone who exchanged his dollars and lost part of his money during the previous days should go to complain about these MPs who participated in speculation through their statements in reducing the exchange rate.”
Cash sales of dollars per day in the Iraqi market are estimated at about 30 million dollars on average, which means that the citizens who sold with a price difference of 30 dinars per dollar due to the decline and offer their dollars for sale in a large way in the market, which led to a decrease in prices, they lost about one billion dinars per day, and while it continued The decline is due to the offer to sell the dollar in a large way for about 3 days, which means that the loss of citizens amounted to 3 billion dinars, and at the same time, speculators gained 3 billion dinars due to this crisis and the confusion in prices caused by the statements of representatives about the reduction of the exchange rate.
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