An Expert Reveals The Reasons For The Dollar's Decline In Iraq.
Time: 2025/06/10 18:06:13 Reading: 735 times {Economic: Al Furat News} Economic expert, Duraid Al Anzi, confirmed that the decline in exchange rates in the country is primarily due to the lack of foreign currency transactions in trade with neighboring countries, in addition to the collapse of these countries' currencies against the US dollar.
Al-Anzi explained to Al-Furat News Agency, "This situation negatively impacts desire and increases demand for the dollar, which prompts governments in neighboring countries to reduce imports to Iraq."
He pointed out that "the local market is witnessing an abundance of many local products, which reduces the need for black market traders to demand dollars." LINK