The current economic crisis may increase the dollar exchange rate
Baghdad / NINA / – The economic expert, Saleh Al-Hamashi, confirmed that: the current economic crisis may increase the dollar exchange rate to a new figure.
He told the National Iraqi News Agency ( NINA ): “The current exchange rate of the dinar, I do not think that it will change to what it was before 2020, that is, at a price of 1200 dinars per dollar.”
Al-Hamashi attributed this to: “The Iraqi monetary bloc is unable to meet the Iraqi economic activity, in addition to the fact that oil prices, despite their high, were not able to cover the budget deficit, and that the price of $95, at a rate of four million barrels per day, would then be filled. impotence.”
He expressed his belief that at the end of 2022 or the beginning of next year, the exchange rate may change to 1700 dinars per dollar in light of the current reality, and if oil prices relapse, and this is expected at the end of this year, things may get worse, especially since the Iraqi budget is inflating year after year. A year without any productivity.