7 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Dollar dominance raises exchange rate concerns
Iraqi banks have recorded significant purchases of dollars amid the possibility of officially setting the exchange rate at 150,000 dinars for every 100 dollars, despite the lack of a clear government move to regulate the currency market. This has led to an increase in the exchange rate on the parallel market, raising concerns about higher prices for goods and a decline in commercial activity, which could deepen the economic downturn and impact citizens' livelihoods.
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