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Financial expert: The dollar will settle at 1,500 dinars in the parallel market
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2023-08-06 03:59
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Shafaq News/ Financial expert Hilal Al-Taan expected today, Sunday, that the exchange rate of the dollar will stabilize at its current rates in the parallel market, indicating that the bank's cash sales do not cover the local market.
Al-Taan said in an interview with Shafaq News agency, "It is expected that the dollar will stabilize at 1,500 dinars in the parallel market, after its prices decreased slightly."
And he indicated that "the demand for the dollar is still great in the parallel market, despite the Central Bank's measures."
He added that "the delay in transfers for the purpose of being audited by the international banks that Iraq contracted with led to merchants resorting to the parallel market to buy the dollar," noting that "the bank's cash sales are also few and do not meet what the market needs internally."
The price of the dollar fell against the Iraqi dinar, reaching today, Sunday, 1500 per dollar.
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[You must be registered and logged in to see this image.]
2023-08-06 03:59
Share
Font
Shafaq News/ Financial expert Hilal Al-Taan expected today, Sunday, that the exchange rate of the dollar will stabilize at its current rates in the parallel market, indicating that the bank's cash sales do not cover the local market.
Al-Taan said in an interview with Shafaq News agency, "It is expected that the dollar will stabilize at 1,500 dinars in the parallel market, after its prices decreased slightly."
And he indicated that "the demand for the dollar is still great in the parallel market, despite the Central Bank's measures."
He added that "the delay in transfers for the purpose of being audited by the international banks that Iraq contracted with led to merchants resorting to the parallel market to buy the dollar," noting that "the bank's cash sales are also few and do not meet what the market needs internally."
The price of the dollar fell against the Iraqi dinar, reaching today, Sunday, 1500 per dollar.
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