an economist expects the dollar exchange rate to reach 1500 dinars

Author: AhadNA3  On 9/4/2021 - 3:36 PM

Economic expert Abdul Rahman Al-Mashhadani expected, today, Friday, that the exchange rate of the dollar in the Iraqi market will reach 1500 dinars before the end of this year.

Al-Mashhadani said, "The rise in the exchange rate of the dollar in the Iraqi market will continue to rise, especially after it has been fixed in the general budget and has become not subject to political auctions. All merchants and people are convinced that the official exchange rate has now been proven, stressing that the exchange rate in the markets will reach 1500 or 1510 before the end." This year ”.

He added, “Traders’ reluctance to buy the dollar due to the presence of large quantities of the sold dollar in the markets, especially since the Central Bank sold large quantities of dollars, from the beginning of October last year to mid-March of this year, so traders get the dollar from the market and transfer it. Through their exchange offices through the clearing method. The second thing is that they reduced the amount of imports as part of the pressure on the government because they refused to change the exchange rate from the first day.

He pointed out that "the central bank's sales are gradually increasing, but in a very simple way, but it will not reach quickly to sell 150 million dollars in the auction. It takes time, indicating that within the next 4-5 months, normal conditions will return, especially for traders in dealing with the current exchange rate, and the matter becomes Accepted by all. ”

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