by Rocky Mon 09 Sep 2024, 4:08 pm
|Today, 15:00 |BaghdadA banking source reported, today, Monday (September 9, 2024), that there was confusion in the foreign exchange markets, while he... ͏MM&C 9/924
|Today, 15:00 |
Baghdad
A banking source reported, today, Monday (September 9, 2024), that there was confusion in the foreign exchange markets, while he expected their prices to rise.
The source told Baghdad Today, "The Central Bank will issue new decisions regarding foreign currency prices and the method of trading them within Iraq."
He added, """It is likely that these decisions will lead to an increase in the dollar exchange rate in the parallel market due to the currency shortage."""
The source said, "The aim of these decisions is to limit currency smuggling or its monopoly by the weak-willed."
The dollar exchange rate witnessed a new rise this afternoon in the two main stock exchanges and local markets.
Baghdad Today correspondent said that the dollar exchange rate recorded 150,500 for every 100 dollars in the two main stock exchanges.
He added that the selling price in exchange offices also rose to 152,500 per 100 dollars
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This is a major article to come out today. The CBI to come out and tell us that they will issue new decisions regarding foreign currencies and the method of trading them. When the CBI adjusts the dinar exchange rate to be stronger than the dollar, the parallel market will take a major hit. Those that didn't get on board have been warned. By this announcement by the CBI they better stand by for heavy rolls imo What an article, "it is a doozy", as Pompey Peter would say!! lol~ MM | | | |
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