IMPORTANT IRAQ NEWS:AN EXPERT ANALYZES THE CURRENT GAP IN THE DOLLAR EXCHANGE RATE BY MNT GOAT, 12 JUNE

AN EXPERT ANALYZES THE CURRENT GAP IN THE DOLLAR EXCHANGE RATE

The economic expert, Nabil Al-Marsoumi, analyzed the reasons for the gap in the dollar exchange rate.

Regarding the dollar exchange rates, Al-Marsoumi said {to Al-Furat News} that: “With the release of budget funds and the increase in consumer and investment spending, the monetary supply at home increases, which is reflected in the increase in demand for imports.” 

Al-Marsoumi added, “The dollar is under pressure, which leads to a widening of the gap between the official and parallel exchange rates.”

The prices of the US dollar rose against the Iraqi dinar, today, Sunday, in Baghdad markets, with the stock market closed. Sales in money exchange shops in local markets in Baghdad rose to 148,000 dinars, compared to 100 dollars, while purchases reached 146,000 dinars, compared to 100 dollars.

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