Shafaq News/ The exchange rates of the US dollar fell against the Iraqi dinar, on Wednesday, in the main stock exchange in the capital, Baghdad, and in the Kurdistan Region, while the exchange owner attributed this to the large supply in exchange for weak demand.
Shafak News Agency correspondent said that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad registered at 3:00 pm this afternoon 147,950 Iraqi dinars, compared to 100 US dollars.
The dollar price this morning recorded 148,150 Iraqi dinars, compared to 100 dollars.
Our correspondent indicated that buying and selling prices decreased in banking shops in the local markets in Baghdad, where the selling price amounted to 148,500 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 147,500 Iraqi dinars per 100 US dollars.
In Erbil, the capital of the Kurdistan Region, the dollar prices also witnessed a decrease, as the selling price reached 148000 dinars per 100 US dollars, and the purchase price reached 147,900 dinars per 100 US dollars.
The owner of Al-Maysara Exchange Company, Muhammad Al-Moussawi, said in an interview with Shafak News Agency, “The decline in dollar prices is due to the large supply that exists in the local markets in return for the lack of demand.”
Al-Moussawi added that “the bank’s sales rose during this period to reach more than 280 million dollars after it did not exceed 200 million dollars, which created a great offer in the markets with the wholesale market activity declining significantly in Shorja and the Jamila Industrial Area.”
Al-Moussawi denied that “the resignation of the Minister of Finance has affected the decline in dollar prices,” stressing that “the decline is related to supply and demand in the markets.”
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