WOTS MON 12 20 21Demand in Iraq for the dollar in anticipation of the dinar's collapse

WOTS MON 12 20 21Demand in Iraq for the dollar in anticipation of the dinar's collapse

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Demand in Iraq for the dollar in anticipation of the dinar's collapse

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The Iraqis’ fears are increasing of a new decline of the dinar affected by a series of collapses in the local currencies of neighboring countries and others close to them, most notably Turkey, Iran and Lebanon. Some owners of companies, car showrooms and some interests whose dealings are linked to the dollar, accepted , for fear of a sudden collapse of the dinar against the dollar. The same is true for companies that deal in loans, debts and deferred transactions that made the dollar a fixed form of dealing for them instead of the dinar .

In an interview with Al-Araby Al-Jadeed, the director of Al-Rabie Company for the sale of mobile phones, Ayser Al-Obaidi, said, “A number of owners of wholesale mobile phone companies imposed on their customers to deal in dollars only, as a result of the security conditions in the country, as well as the state of instability it is going through. The Iraqi economy , especially since all expectations indicate that Iraq may enter a major economic crisis due to the great struggle to form the government and the budget delay as a result of these conflicts and the new mutator of the Corona virus.”