Information/Baghdad..
On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to several factors, the most important of which is the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar.
Al-Ali said in a statement to Al-Maalouma, “Government measures, pressure on merchants, and fighting rumors by some sick souls questioning the strength of the Iraqi dinar have contributed mainly to the decline in the dollar’s exchange rate against the Iraqi dinar.”
He added, “The main reason for the decline in the dollar’s exchange rate against the dinar resulted from the change in the orientations of merchants and public opinion through their conviction of the strength and status of the dinar.”
Al-Ali suggested, “The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank.”
It is noteworthy that the Iraqi dinar has achieved gains against the US dollar over the past few days on the Iraqi Stock Exchange, where the dinar exchange rate reached 150 for every 100 US dollars.
almaalomah.me
