A Source Suggests That Dollar Prices Will Fall To 145 Thousand, 26 DEC

 A Source Suggests That Dollar Prices Will Fall To 145 Thousand

Economy | 12/25/2023   Mawazine News – Baghdad  An informed source suggested, on Monday, that the central bank’s agreements with some countries to finance foreign trade in local currency contributed to the decline in dollar exchange rates, suggesting that the exchange rates would reach 145 thousand compared to 100 US dollars.

The source said, in an interview with Mawazine News, that “the agreement with the banks of the Emirates, Turkey, India, and China to finance Iraq’s foreign trade is a step in the right direction,” noting that “proceeding with these measures will reduce the gap between the official and the parallel.”

He continued, "The measures taken by the government were practical, but the shock of the US Federal Reserve's punishment of banks prevented prices from falling in the previous period," noting that "the US sanctions were a painful blow to the local markets."

He added, "One of the factors why the dollar exchange rates did not decline in the previous period was the intervention of the external factor in the dollar issue," adding that "the central bank's agreements with some countries to finance trade in the local currency contributed to the decline in the dollar exchange rates." 

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