Economic expert Abd al-Rahman al-Mashhadani predicted, today, Saturday, that the exchange rate will soon decline by 1,400 dinars to the dollar.
Al-Mashhadani told the Iraqi News Agency (INA): “The issuance of the US Treasury’s decision to prevent 14 Iraqi banks from dealing in dollars caused fluctuations in the exchange rate between high and low.”.
“The government subsequently applied a series of measures based on the Prime Minister’s directives, which coincided with other measures from the Central Bank of Iraq, in which 116 exchange companies were authorized to obtain their shares of dollars from new banks other than those that had been issued a decision to prevent them, and this matter will contribute to an increase in the value of money.” The dinar against the dollar again. He added
The Governor of the Central Bank, Ali Al-Alaq, confirmed in an interview with the Iraqi News Agency (INA), that “the rise in the exchange rate is temporary and that the Central Bank diagnosed the manipulators, while he indicated that the government agreed to a proposal for the bank to ease tax procedures to obtain the dollar.”
