Traders attribute the rise in the dollar rate in Iraq to the lack of supply and the conditions of the country

January 13, 2016 9:38


He attributed the traders in the foreign currency market rise in the dollar's exchange rate against the Iraqi dinar to a lack of supply of the dollar in the local markets.

They said, "This rise is due to the lack of the Central Bank of Iraq in its daily auction sales of the dollar compared to last weeks or months, what the reason for a decline in volumes traded on the markets, the dollar."

They added that "as the political and security situation taking place in the country to create unrest in the buying and selling."

And local markets today witnessed a remarkable increase in the dollar exchange rate against the dinar as the dollar reached the 125 000 dinars per hundred dollars] after it was estimated in the past few days between 122 and 123 000 dinars for one hundred dollars.

And it reached the quantity sold to banks at the central bank auction of 3 months from the date of January this Tuesday to more than one billion and 124 million dollars.

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