Nabil Al-Ali, an expert in economics, predicted on Monday that the US dollar’s value against the Iraqi dinar would fall in the coming months.
Al-Ali told , “There is plausible that the swapping scale of the dollar against the dinar will arrive at 142 thousand before very long assuming the National Bank of Iraq’s deals of unfamiliar cash keep on expanding.”
He added, “The expansion in the National Bank of Iraq’s deals of dollars through the money closeout will add to decreasing trade rates, regardless of whether somewhat, without getting back to the limit of at least 150,000.”
Al-Ali brought up that “trade rates recorded an overall decay toward the start of this current week.”
By imposing sanctions on private banks and banning the dollar under numerous pretexts, the United States worked to destroy the Iraqi currency, resulting in a severe financial crisis in the local markets.
