The rise in the dollar exchange rate in Iraq.. What is its relationship to Baghdad Airport?, 17 July

 {Economic: Al Furat News} Today, Monday, the economic expert, Abdul Rahman Al-Shaikhli, revealed the reason for the rise in the dollar exchange rate in Iraq and its link to Baghdad International Airport.

Al-Shaikhli told {Euphrates News} that: “The rise in the dollar exchange rate remains subject to the behavior of the Central Bank and the extent of its responses to it, and the recent rise in the dollar came after the decision of the Central Bank of Iraq to transfer travelers’ operations to obtain dollars through Baghdad Airport exclusively.”

He explained, “The airport is not prepared to receive this large number of companies; there are about 1200 companies that sell dollars, and if they are limited to only 6 offices, it will be useless and the citizen will not be able to obtain dollars because we have gone through a previous experience of this kind.”

Al-Shaikhli added, “The Central Bank’s announcement of the suspension of transfers in the Chinese currency can be used in dollars, in addition to the continuous demand to deal with Iran in dollars, and this leads to a great momentum for the dollar.”
He added, “One of the problems is also the lack of an authorized spokesperson for the Central Bank to announce the procedures and results of the governor’s visits to Washington, as all statements are confused due to the absence of official information.”

The Central Bank of Iraq announced the new mechanism for travelers to receive foreign currency (dollars), which will be exclusively through the outlets of companies and banks at international airports, stressing that the goal of the new mechanism, which will enter into force on July 14, is to deliver the dollar to the real traveler and pass sound transactions, in addition to facilitating travelers’ access to the dollar more quickly.

 It is worth noting that the Central Bank decided to allow exchange companies to receive more than one share during the week, in order to achieve full response to travelers’ requests.
The selling and buying prices of the US dollar in Baghdad markets today with the closing of the main stock exchange came as follows:
The selling price is 149,750 dinars.
The buying price is 147,750 dinars for 100 dollars.

Raghad

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