Baghdad Chamber Warns on Exchange Rate Impact

The Baghdad Chamber of Commerce has warned of the negative effects of adjusting the exchange rate of the Iraqi dinar against the dollar on markets and economic activity. It urged the implementation of clear transitional measures to help the commercial sector adapt and prevent an unjustified rise in commodity prices. The chamber pointed out that such a change directly impacts import costs and product prices, especially since many traders are linked to foreign contracts. It emphasized the need for coordination between the government and the private sector to ensure market stability and support investor confidence.

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