Al-Nusairi identifies the causes of exchange rate fluctuations and recovery measures

Al-Nusairi identifies the causes of exchange rate fluctuations and recovery measures

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Advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, identified the reasons for the fluctuation of the exchange rates of the Iraqi dinar against the dollar in the local market as a  lack of control over the regulation of trade financing internally and externally and the lack of a clear trade policy previously.

Al-Nusairi attributed the continued rise of the dollar to several reasons, noting in a press interview that “the instability of the exchange rate of the dinar with its equivalent of the US dollar on the black market since January 2022