2023-09-18 15:59:40
September 18, 2023
Baghdad/Al-Masala Al-Hadath: The main stock exchange in Baghdad closed, with the price of the US dollar continuing to rise against the Iraqi dinar.
With the closure of the main Kifah and Harithiya stock exchanges in Baghdad, dollar prices recorded 158,200 Iraqi dinars against 100 dollars, while dollar prices recorded this morning 157,200 dinars against 100 dollars.
Until the selling prices in the exchange shops in the local markets in Baghdad rose, as the selling price reached 159,250 dinars for 100 dollars, while the purchase price reached 157,250 dinars for 100 dollars.
Economic researcher Ziad Al-Hashemi said that there is a scarcity of the dollar supply in the local market, leading to new rises in its exchange rates exceeding the threshold of 158 thousand dinars, and the road is clear for further rises.
He added that some had hoped that the visit of US Deputy Secretary of the Treasury Rosenberg to Baghdad would contribute to increasing government measures to prevent the smuggling of dollars and goods across the border, but what happened appears to be the opposite.
The Iraqi Central Bank and the government no longer have any other solutions to control the market and the movement of the dollar in the hands of speculators and smugglers, and it seems that it is a matter of time before the government announces its surrender in the battle of the dollar and accepts the fait accompli, according to the economic researcher.
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