Deputy expects the dollar to decline within a few days


Arif Al-Hamami, a spokesperson of the State of Law coalition, predicted today, Friday, that the US dollar’s exchange rate against the Iraqi dinar will fall in the next days.

According to a Shafaq News Agency correspondent, the dollar prices at the Al-Kifah and Al-Harithiya stock exchanges yesterday, Thursday, were 160,400 dinars for every 100 dollars, while the selling price in the exchange shops in Baghdad’s local markets reached 161,500 Iraqi dinars, while the purchase was 159,500 dinars for every 100 dollars.

In Erbil, the selling price of the dollar in banking stores was 160,400 dinars vs 100 dollars, while the purchasing price was 160,300 dinars versus 100 dollars.

Al-Hamami stated in an interview with Shafaq News “The State of Law bloc seeks in all ways and urges the government to take the necessary measures to reduce the exchange rate of the dollar, because of its direct impact on the people, especially the poor and middle classes.”

Al-Hamami issued a statement stating that “there are ongoing communications with the government, the Central Bank, the Prime Minister’s Office, and the Parliamentary Finance Committee in this regard.”

He went on to say, “Government measures are continuing to reduce the dollar, including preventing smuggling outlets and opening outlets to sell the dollar at airports, but there are external circumstances that put pressure on the government, and the global situation also has an impact on the status of the dollar in Iraq.”

He goes on to say, “Previously, the dollar rose more than the current price and then fell again, so we hope that the dollar exchange rate will decrease during the next few days.”


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