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[size=52]Hammam Al-Shamaa: The price of the dinar will decrease more against the dollar in the coming months[/size]
[size=45][You must be registered and logged in to see this image.]
Economic expert Hammam al-Shamma saw that the exchange rate of the Iraqi dinar will decrease against the dollar during the next six months, noting that the central bank will have to print quantities of the Iraqi currency to secure the government's operating budget.[/size]
[size=45]Al-Shamma said: “It is assumed that there is no relationship between the budget and the change in exchange rates, but the exchange rate is now subject to the restrictions imposed by the US Federal Reserve with the Central Bank, in establishing a platform with specifications and conditions, so that it affects the amount of foreign currency sold, whether in cash.” or in the form of transfers.[/size]
[size=45]It is noteworthy that the Iraqi Council of Ministers approved on Tuesday (February 7, 2023) the decision of the Board of Directors of the Central Bank of Iraq to adjust the exchange rate of the dollar against the dinar, at the equivalent of 1,300 dinars to one dollar, according to a statement issued by the media office of the Prime Minister, Muhammad Shia’ al-Sudani.[/size]
[size=45]Al-Shamaa explained, “The talk about the impact of approving the budget on the exchange rate is inaccurate, but approving the budget in light of the restrictions imposed by the US Federal Reserve will lead to a decrease in the exchange rate of the dinar and an increase in the dollar, despite the Central Bank’s measures to try to prevent a decrease in the exchange rate of the dinar.”[/size]
[size=45]The Central Bank is required to provide 12.5 trillion per month[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Hammam Al-Shamaa: The price of the dinar will decrease more against the dollar in the coming months[/size]
[size=45][You must be registered and logged in to see this image.]
Economic expert Hammam al-Shamma saw that the exchange rate of the Iraqi dinar will decrease against the dollar during the next six months, noting that the central bank will have to print quantities of the Iraqi currency to secure the government's operating budget.[/size]
[size=45]Al-Shamma said: “It is assumed that there is no relationship between the budget and the change in exchange rates, but the exchange rate is now subject to the restrictions imposed by the US Federal Reserve with the Central Bank, in establishing a platform with specifications and conditions, so that it affects the amount of foreign currency sold, whether in cash.” or in the form of transfers.[/size]
[size=45]It is noteworthy that the Iraqi Council of Ministers approved on Tuesday (February 7, 2023) the decision of the Board of Directors of the Central Bank of Iraq to adjust the exchange rate of the dollar against the dinar, at the equivalent of 1,300 dinars to one dollar, according to a statement issued by the media office of the Prime Minister, Muhammad Shia’ al-Sudani.[/size]
[size=45]Al-Shamaa explained, “The talk about the impact of approving the budget on the exchange rate is inaccurate, but approving the budget in light of the restrictions imposed by the US Federal Reserve will lead to a decrease in the exchange rate of the dinar and an increase in the dollar, despite the Central Bank’s measures to try to prevent a decrease in the exchange rate of the dinar.”[/size]
[size=45]The Central Bank is required to provide 12.5 trillion per month[/size]
[size=45][You must be registered and logged in to see this link.]
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