Reasons For The Decrease In The "Temporary" Dollar Exchange Rate In Iraq
Economy | Baghdad today – Baghdad The specialist in the economic affairs, Nasser Al-Tamimi, commented today, Sunday (2 March 2025), the continuous decrease in the dollar exchange rate in the local markets days ago.
Al -Tamimi told "Baghdad Today", that "the decline in the exchange rate of the dollar in the local markets is temporary, due to the lack of demand for it currently in the market due to the month of Ramadan, where there is a decline in the demand process as well as shopping in dollars such as cars, real estate and other issues sold in dollars."
And that "this decrease is temporary and will return to rise again, especially with the near days of Eid Al -Fitr, after which it will return to its position between (150 and 151) per 100 dollars," noting that
"this decrease did not come due to real remedies for this long time, but the
real reason is the lack of
demand during these days."
The dollar exchange rate continued, today, Sunday (2 March 2025), a decrease in the local stock exchange, down to record levels for the first time in several months.
The "Baghdad Today" correspondent said that the dollar prices, on the struggle and Al-Harithiya stock exchanges in the capital, Baghdad, recorded, on Sunday afternoon 146,800 thousand dinars for $100.
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