The price of the dollar will decrease against the Iraqi dinar in the coming days for these reasons
- Author
- Tish Washington
- Published
- Fri 11 Jun 2021
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/The-price-of-the-dollar-will-decrease-against-the-Iraqi-dinar-in-the-coming-days-for-these-reasons-e12j3m4
To read this article in full and MORE go to: My FX Buddies Blog
The price of the dollar will decrease against the dinar in the coming days for these reasons
The economist and former director of operations at the Central Bank of Iraq, Mahmoud Dagher, expected, on Thursday, a decrease .in the dollar exchange rate against the dinar, within two or three weeks, if the central bank continues to pump more dollars into local markets.
Dagher said in a television interview (June 10, 2021), that "after the approval of the general budget, the demand for the dollar increased, and the recent ".developments during the past days, especially in the capital, Baghdad, generated pressure on the dollar
He added, "The central bank began a few days ago to pump more dollars into the markets, and if the bank continues to do so, it is expected that the exchange rate will return to its previous levels, and the exchange rate of the hundred-dollar note will stabilize at 147,000 thousand dinars, which is the ".official price for the public
