|
Search the Community
Showing results for tags 'will return to normal !'.
Found 1 result
-
CNN. Broadcasting An Economist Explaining What The Fluct Is Going On ! An economist explains the reason for the fluctuation of the dollar exchange rate, despite the cessation of most commercial transactions Localities 04/12/2020 21:08 582 Baghdad today - Baghdad The economic expert, Abdul Rahman Al-Mashhadani, spoke today, Sunday, about the reasons for fluctuating exchange rates of the dollar in Iraq, despite the suspension of most commercial transactions, as a result of the decisions of the Crisis Cell regarding the prevention of an outbreak of the Corona epidemic. Al-Mashhadani told (Baghdad today), "The reasons for fluctuating dollar prices against the Iraqi dinar, despite the imposition of a curfew and the strict measures taken by the crisis cell, and what Iraq is witnessing in stopping most of the commercial transactions, is due to the demand that the central bank has stopped supplying it to traders as of From the 16-3 day. " And that "the banking offices were preparing the largest percentage of imports, and therefore we see an increase in demand for the dollar, despite the curfew and the halt of traffic." He indicated that "the dollar's rise is within the normal rates, especially when the central bank begins paying the transfers due from the 16th to the 24th last month." He explained that "the measures of the Central Bank were sound and summarized in the summary of foreign remittances operations to import food and health supplies and see low sales and control of the exchange rate." He noted, "Once the general situation in Iraq improves, the cash sale and procedures will return to normal then." He believed that "the reassuring thing in the current situation is that in the past, political and economic crises occurred if they occurred in a particular region, because traders migrate and the dollar demand increases and begins to keep, but this time the crisis is equal in all countries of the world." LINK
