Today, Sunday, monetary master Nabil Jabbar Al-Ali remarked on the arrival of the ascent in the dollar swapping scale against the dinar in nearby business sectors in Baghdad and the governorates.
According to Al-Ali, “The strength of supply and demand for the dollar is related to the rise in the dollar exchange rate since the beginning of this week.”
He went on to say that “the volume of sales provided by the Central Bank through the foreign currency sales window is related to the rise in the dollar exchange rate and its reaching the threshold of one hundred and fifty thousand.”
He explained, “The Central Bank of Iraq’s dollar sales will contribute more to a decrease in exchange rates in local markets the more the Central Bank of Iraq’s dollar sales increase.”
Over the past three days, the stock exchange and exchange shops in Baghdad’s capital and the governorates have seen a significant increase in the dollar to dinar exchange rate.
America attempted to obliterate the Iraqi money by forcing sanctions on confidential banks and forestalling the dollar under numerous guises, which drove somehow to a serious monetary emergency in nearby business sectors.
