economy , 08/06/2023 11:12 , Number of readings: 147
The head of the Securities Commission, Faisal Al-Haimus, expected that the markets would witness a decrease in the exchange rate of the dollar against the Iraqi dinar after the approval of the general budget.
Al-Haimus said in a statement, “The stability of the dinar price will enhance confidence between investors and the Iraqi market for securities, and it is expected that the dollar exchange rates will decline against the Iraqi dinar and its stability after the approval of the 2023 budget.”
He added, "The commission supports the Iraqi dinar, and its stability must be a common interest," noting that "the central bank has taken measures to reduce the fluctuation of the exchange rate and expected its stability at 1320 dinars to the dollar."
Al-Haimus attributed the fluctuation of the exchange rate to the failure to approve the budget and the failure to launch projects, calling for government support and speedy approval of the budget to stimulate stability in the exchange rates of the dinar against the dollar.[/rtl]
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