The decline of the dollar reduces the burden of high prices on the Iraqi citizen
The markets of the capital, Baghdad, witnessed, on Monday morning, a decline in the exchange rates of the US dollar against the Iraqi dinar.
the details:
The exchange rate of the dollar on the Kifah and Al-Harithiya stock exchanges recorded 147,400 dinars for every 100 dollars, a decrease of 1,300 dinars from the price of yesterday, Sunday.
The selling price in banking shops in local markets in Baghdad decreased to 148,500 dinars, while the purchasing price reached 146,500 dinars for every 100 dollars.
the reasons:
No official body has announced the reason for the decline in dollar exchange rates.
Some sources suggested that the decline was due to an increase in the dollar supply in the market.
Other sources indicated that the decline in global oil prices may be one of the factors that led to the decline in dollar exchange rates.
Effects:
The decline in dollar exchange rates is expected to lead to a decline in the prices of imported goods.
Declining dollar prices may encourage increased investment in Iraq.
The decline in dollar exchange rates is positive news for the Iraqi economy, but it is important that steps are taken to ensure exchange rate stability in the long term. link
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