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[size=52]The Chamber of Commerce expects the parallel market to fall below 150 thousand dinars per 100 dollars[/size]
- Today 17:27
Information / Baghdad..
On Thursday, the Chamber of Commerce expected the parallel market for the dollar exchange rate to fall below 150,000 dinars per 100 dollars within 3 months.
The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, said in an interview with Al-Maalomah, “The level of currency smuggling has decreased at a significant rate, in addition to the involvement of quite a few companies, merchants, and commercial institutions in the electronic platform, not to mention the transition of many to electronic payment, which has contributed to reducing the pressure on The parallel market has good rates so far.”
He expected that "the parallel market for the dollar exchange rate will fall below 150 thousand dinars per 100 dollars within 3 months, especially since the Central Bank's measures have begun to bear fruit despite the presence of some observations and loopholes," stressing that "the power of speculation will decrease in light of the improvement of financial measures."
He pointed out that "the dollar problem in Iraq is affected by the external conditions surrounding it, not to mention the fluctuations of the unstable oil market in terms of prices, but in general, the parallel market is moving in a less volatile direction compared to the year 2023."
The dollar exchange market witnessed a slight decline in the past weeks. It quickly rose, but within certain limits, to settle between 153 - 152 thousand dinars per 100 dollars. Ended 25 F
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On Thursday, the Chamber of Commerce expected the parallel market for the dollar exchange rate to fall below 150,000 dinars per 100 dollars within 3 months.
The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, said in an interview with Al-Maalomah, “The level of currency smuggling has decreased at a significant rate, in addition to the involvement of quite a few companies, merchants, and commercial institutions in the electronic platform, not to mention the transition of many to electronic payment, which has contributed to reducing the pressure on The parallel market has good rates so far.”
He expected that "the parallel market for the dollar exchange rate will fall below 150 thousand dinars per 100 dollars within 3 months, especially since the Central Bank's measures have begun to bear fruit despite the presence of some observations and loopholes," stressing that "the power of speculation will decrease in light of the improvement of financial measures."
He pointed out that "the dollar problem in Iraq is affected by the external conditions surrounding it, not to mention the fluctuations of the unstable oil market in terms of prices, but in general, the parallel market is moving in a less volatile direction compared to the year 2023."
The dollar exchange market witnessed a slight decline in the past weeks. It quickly rose, but within certain limits, to settle between 153 - 152 thousand dinars per 100 dollars. Ended 25 F
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