Expert shows the reasons for the fall of the dollar in the domestic market

08:59 - 01/05/2018


Information / Baghdad ..

The economic expert, Majid al-Suri, on Tuesday, the decline in the dollar exchange rate in the Iraqi domestic market to the financial abundance of the sale of oil and the high rise in world oil prices, indicating that the exchange rates of the dollar, oil and gold is not fixed and affected by many of the security and political factors.

"The dollar is witnessing a decline in the exchange rate than before, as it coincided with the rise in oil prices in world markets," said the picture in a statement to the information, "noting that" the central bank controls the exchange rate of the dollar, especially in light of the high price of a barrel of oil for more From $ 70, which provides a large amount of dollars at the Central Bank. "

He explained that "the large offer of the dollar by the Central Bank led to a decline in the exchange rate of the dollar from the former, where the bank has a large reserve of the dollar, which leads to a large offer in order to achieve balance between the Iraqi and foreign currencies.

"The exchange rate of the dollar, oil and gold is also unstable and affected by many of the security and political factors in the country, in addition to the external factors that are subject to the price of gold, according to the rise and fall of the rest of the currencies against the dollar and by country of origin or source of gold. Ending / 25 n

http://www.almaalomah.com/2018/05/01/305557/