Sunday Weekend Catch-UP Government source: Security tensions are behind the dollar's rise in Iraqi markets
- Author
- Tish Washington
- Published
- Mon 08 Nov 2021
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/Sunday-Weekend-Catch-UP-Government-source-Security-tensions-are-behind-the-dollars-rise-in-Iraqi-markets-e19u2jh
To read this article in full and MORE go to: My FX Buddies Blog
Government source: Security tensions are behind the dollar's rise in Iraqi markets
Today, Sunday, a government source attributed the rise in dollar prices in the local markets to the security tensions in the capital, Baghdad.
The source said in an interview with Shafaq News Agency, "What the Kifah Stock Exchange is witnessing now is the lack of supply compared to the demand for the dollar."
He added that "the exchange offices are now keeping the dollars, and citizens have resorted to buying dollars for fear of the current unstable conditions," noting that "the central bank's cash sales, which amount to nearly 50 million dollars per day, have no effect on local markets."
