Economic researcher Diaa Abdul Karim says the recent rise in the dollar’s exchange rate in Iraq isn’t because of the government—it’s mostly market activity.
Speaking to dinaropinions.com, Abdul Karim explained that a lot of speculation is happening in the Iraqi market. Traders and exchange companies are taking advantage of regional and international tensions, even though the official exchange rate hasn’t changed.
He added that exchange companies, some banks, and large traders, especially those involved in currency auctions, are the main drivers behind the increase, seeking to secure financial gains.
Abdul Karim reassured that the government hasn’t made any new decisions about the currency or the auctions. He expects the dollar’s exchange rate to return to normal within the next few days.
In short, the spike is a temporary market reaction, not a government policy change.
