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KTFA
Clare » December 25th, 2024
Expert diagnoses two reasons behind the rise of the dollar against the dinar in Iraq
12/25/2024
The economic and financial expert, Abdul Rahman Al-Mashhadani, attributed, on Wednesday, the reasons for the rise of the dollar against the Iraqi dinar to the rumor of the holidays and New Year’s Day.
Al-Mashhadani said in an interview with Shafaq News Agency, “The promotion of stopping the platform is a major reason for the rise in the price of the dollar,” indicating that “this rumor that spread showed that foreign transfers will stop.”
He explained that “this rumor is false, as 97% of the transfers made through the window were transferred to banks that have correspondent banks in a way that enhances the balances. Also, the Christmas holiday is another reason for the demand for the dollar, as there is a lot of travel during these days.”
Al-Mashhadani expected that “the situation will stabilize and the dollar will return to its normal status after the holiday.”
The dollar price rose gradually in local markets, recording 152,300 dinars for every 100 dollars in the Al-Kifah and Al-Harithiya stock exchanges, and 152,200 dinars for every 100 dollars in Erbil, the capital of the Kurdistan Region. LINK
Source: Dinar Recaps
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