- Today 10:26
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The Chambers of Commerce identified, on Saturday, the most important factors for the rise of the parallel market for the dollar in Iraq.
The head of the Diyala Chambers of Commerce, Muhammad al-Tamimi, said in an interview with Al-Maalouma, that “the exchange rate of the dollar in the parallel market in the country witnessed an increase of nearly 6%, while all indicators were heading towards a decrease to its exchange rate decided by the Central Bank.
He added, "Smuggling remains the most important factor driving the increase in the exchange rate due to the lack of supply with the trend of public demand," stressing that "the increase is still within the scope of control."
He pointed out, "The government has succeeded in curbing many smuggling tools, but it takes more measures to push the parallel market down."
The exchange rate of the dollar in the parallel market witnessed a remarkable increase in the past weeks, by more than 6%, to reach 148 thousand dinars per 100 $. Ended 25 F
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