Expectations of achieving low dollar prices as benefits for the Iraqi individual, 1 jan

 Expectations of achieving low dollar prices as benefits for the Iraqi individual

The economist, Bask Jamil Antoine, expected to achieve a decrease in dollar exchange rates with interest to the Iraqi individual.

“The low exchange rates of the dollar can bring benefits to the economic reality of the individual if a balanced society is available,” Antoine said {Euphrates News}.

He stressed “the need to follow up the pockets of speculators and traders who do not lower prices even if the dollar exchange rate falls.”

“The dollar directly affects imported goods, but goods that are produced locally, we do not expect that their impact will be significant,” Antoine explained.

To reduce dollar prices in the local market, the Central Bank of Iraq, on Sunday, determined the parties covered by obtaining their foreign transfers in cash in dollar currency starting from January 2, 2024.

This included foreign remittances for diplomatic missions, all international organizations and agencies operating in Iraq, and non-governmental civil society organizations registered in the General Secretariat of the Council of Ministers in the event that the foreign donor stipulated the payment of foreign remittances received in dollar currency inside Iraq.

It also included government contracts in force in US dollar currency, and continuous contracts on grants, loans and foreign agreements,” noting that “40 percent of the remittances received by Iraqi exporters resulting from their exports abroad.

Selling prices in banking shops in local markets in Baghdad were recorded on Monday, 153,250 dinars, while the purchase price was 151,250 dinars per 100 dollars.

From: Raghad Daham

https://alforatnews.iq/news/توقعات-بتحقيق-أنخفاض-اسعار-الدولار-فوائداً-للفرد-العراقي