Baghdad The Specialist in Economic Affairs, Hussein Shaker Tahilo, confirmed that the profits of selling the currency auction amount to 12 billion dollars for the beneficiaries due to the high value of the dollar exchange rate against the Iraqi dinar.
In a statement to the National Iraqi News Agency (NINA), Tahilo said, “the continued increase in the foreign exchange rate in the market, due to an official’s statement, entered its third month in the absence of clear and explicit measures by the Central Bank to control the rise, and this would burden the Iraqi citizen and the devaluation of the Iraqi dinar as for the profits of selling the currency auction, it may reach 12 billion dollars for the beneficiaries as a result of this increase.
He pointed out the failure of the central bank to take measures will contribute to the decrease in the value of the dinar further, and the rise of the dollar will continue.”
Today, the local stock exchange recorded the selling price of the dollar at 125,500 against $ 100, and the purchase price of the dollar 124,500 against $ 100.
Source: National Iraqi News Agency