Economist Abdul Rahman Al-Mashhadani confirmed that the recent government measures in addition to the measures of the Central Bank will contribute to raising the value of the Iraqi dinar against the dollar. Al-Mashhadani, in a statement to the Tigris, pointed out that “the US Treasury sanctions on the 14 banks, were taken by the government to direct Prime Minister Mohammed Shia Al-Sudani to build the conversion of 116 exchange companies that were receiving their weekly shares of the dollar from the penal banks to other banks that will necessarily raise the value of the Iraqi dinar.” Al-Mashhadani added that “these measures, if actually applied and continued, will pay for a depreciation of the dollar more against the Iraqi dinar and the actual value may reach 140 thousand dinars.”
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