Wednesday, February 21, 2018
There is speculation that the dollar will weaken against the Iraqi dinar because of the central bank's recent measures against financial institutions, a government source said Wednesday.
The source, who preferred not to be named, said in an interview with "Al-Ghad Press" that "there are weights to increase the decline of the dollar exchange rate against the Iraqi dinar, because of the recent central bank measures towards financial institutions," noting that "the Central Bank of Iraq put a set of procedures And the mechanisms that deal with dealing with the window selling foreign currency for banks and financial transfer companies, as well as exchange companies and the procedures were able to deal seriously with these institutions.
The source added that "the demand for the dollar in these days has become very little, which strengthened the role of the Iraqi dinar in many transactions, whether commercial is related to the citizen where there is still a large force of the dinar, which strengthened his balances today at the street and the citizen.
The source predicted that "in the continued continuation of these measures there will be further devaluation in relation to the dollar exchange rate against the dinar, which reflects positively on the Iraqi economy."
It is noteworthy that the exchange rate recorded during the past two days a significant decline, where each $ 100 121500 dinars.