On Sunday, a member of the Central Bank’s Board of Directors, Ahmed Brihi, explained the real reason for the rise in the dollar exchange rate in the parallel market. He said that the Central Bank still uses the rate of 132 dinars for every 100 US dollars and that the Iraqi dinar is stable. Brihi stated, “The Central Bank’s measures have nothing to do with the rise in the dollar exchange rate in the local market because the bank still adopts the exchange rate of 132 dinars for the 100 US dollars denomination.” “The reason behind the rise in the exchange rate in the parallel market is due to the rise in demand for the dollar, especially by small traders who do not deal with the Central Bank, such as those who deal with essential goods imported at their own expense from abroad, because they believe that security events will worsen and that the need for demand for goods will increase so that they can achieve higher profits,” he added. “The reason behind the rise in the exchange rate in the parallel market is due to the rise in demand for the dollar.” It is interesting to note that buying prices increased in exchange shops in Baghdad’s local markets, with the selling price reaching 154,750 Iraqi dinars for one dollar and the buying price reaching 152,750 dinars for one dollar.
Iraqi News
The Iraqi parliament is suing the government over delayed budget schedules.
Member of Parliament Hadi Al-Salami revealed that a lawsuit has been filed towards the federal authorities for now not filing the 2025 price range...
Netaj Launches Nawat: “Iraq’s First VC Studio”
Netaj -- a Baghdad-based innovation company that gives project support, strategic consulting, and functionality-building for marketers and establishments -- has announced the respectable launch...
Popular movement: America exerted pressure on Iraq regarding the Khor Abdullah issue.
Hussein Al-Karawi, head of the organizing frame of the popular motion for the Belt and street Initiative, showed that the united states compelled Iraq...
Oil prices fall to their lowest level in more than a week
Oil costs fell sharply to their lowest levels in extra than every week on Tuesday after US President Donald Trump introduced a ceasefire agreement...
Integrity: Arrest of Assistant Director of the Wasit Real Estate Registration Observation Department for...
The Federal Integrity fee announced, on Monday, the arrest of the assistant director of the Wasit real estate Registration Observatory on costs of wasting...