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[size=52]“It is destined to go down.” An economist diagnoses a “dangerous indicator” related to exchange rates[/size]
- Today 19:25
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Today, Wednesday, the economic expert, Nabil Al-Tamimi, identified a dangerous indicator regarding the exchange rates of the dollar in the local markets, while confirming that the exchange rate is destined to decline and approach the official price set by the government.
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Al-Tamimi said, in an interview with the “Al-Ma’louma” Agency, that “the Iraqi government has tried for a long time to persuade citizens to fix the official price at 132 thousand per 100 dollars, but citizens do not trust government decisions, at a time when public opinion and merchants are moving towards external positions.” He considered this a "dangerous indicator."
He added, "There are government plans and measures, but their impact will not be directly reflected in the dollar exchange rates in local markets."
The economic expert explained, "There is a factor that caused the recent decline in exchange rates at exchange rates, which is represented by the end of the fiscal year, and the large number of holidays and events, which leads to a decrease in the volume of trade, which leads to a decrease in demand for the dollar, which prompts citizens to sell the dollar."
Al-Tamimi stressed that “the recent decline is relative, and may witness an increase or fluctuation during the coming period,” noting that “the fate of the exchange rate is to go down and get closer to the official rate set by the government.”
Earlier, Member of Parliament Kazem Al-Touki confirmed that the sanctions that the US Treasury continues to impose on Iraq will not allow the dollar exchange rates to stabilize in local markets.
During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on Iraqi banks and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the Iraqi markets. Ended 25 Rs
[You must be registered and logged in to see this link.]
Today, Wednesday, the economic expert, Nabil Al-Tamimi, identified a dangerous indicator regarding the exchange rates of the dollar in the local markets, while confirming that the exchange rate is destined to decline and approach the official price set by the government.
[You must be registered and logged in to see this link.]
Al-Tamimi said, in an interview with the “Al-Ma’louma” Agency, that “the Iraqi government has tried for a long time to persuade citizens to fix the official price at 132 thousand per 100 dollars, but citizens do not trust government decisions, at a time when public opinion and merchants are moving towards external positions.” He considered this a "dangerous indicator."
He added, "There are government plans and measures, but their impact will not be directly reflected in the dollar exchange rates in local markets."
The economic expert explained, "There is a factor that caused the recent decline in exchange rates at exchange rates, which is represented by the end of the fiscal year, and the large number of holidays and events, which leads to a decrease in the volume of trade, which leads to a decrease in demand for the dollar, which prompts citizens to sell the dollar."
Al-Tamimi stressed that “the recent decline is relative, and may witness an increase or fluctuation during the coming period,” noting that “the fate of the exchange rate is to go down and get closer to the official rate set by the government.”
Earlier, Member of Parliament Kazem Al-Touki confirmed that the sanctions that the US Treasury continues to impose on Iraq will not allow the dollar exchange rates to stabilize in local markets.
During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on Iraqi banks and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the Iraqi markets. Ended 25 Rs
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