“Hidden Forces of Speculation”… Economist Reveals New Reason for Dollar’s Rise, 27 AUGUST

 The rise in the dollar’s value in relation to the dinar has a new explanation, according to an expert in economics.

Bassem Jamil Antoine told , “In regards to the ascent in the dollar swapping scale and its excess at its ongoing rates in the equal market, it is the aftereffect of powers “in the background” or what is known as the “covered up state” of examiners and merchants, as they are the ones attempting to keep costs going on like this.”

He considered the public authority measures “frail notwithstanding these examiners and cash merchants, as they couldn’t restrict the ascent in return rates as a result of them and their activities and their ownership of influence, strength and cash, and they are the ones who decide costs,” as per him.

Jamil was of the opinion that “the exchange rates will remain the same as long as these hidden parties exploit the country.”

It is important that the dollar conversion scale in the nearby business sectors (equal) is recorded at around 1,490 dinars, an enormous distinction from the authority cost sold by the National Bank of Iraq, which is 1,320 dinars.

“There is no intention to reconsider the dollar exchange rates,” the Central Bank of Iraq Governor Ali Al-Aq stated on August 7, noting that “the Central Bank sells more than 250 million dollars daily at the official price 1,320 dinars.

He said, “The view that the dollar cost has risen or fallen is definitely not a right marker.”