Baghdad Chamber of Commerce Warns of Exchange Rate Adjustment Impacts

mniraq - The Baghdad Chamber of Commerce has issued warnings regarding the potential repercussions of the decision to adjust the exchange rate of the Iraqi Dinar against the US Dollar on market stability and overall commercial activity. The Chamber called for a careful study of these impacts and the implementation of clear transitional measures to protect the commercial sector. It explained that any fluctuation in the exchange rate directly affects import costs and commodity prices, especially given the financial obligations and international contracts connecting Iraqi merchants with foreign suppliers. Emphasizing the need to consider citizens' purchasing power, the Chamber expressed its full readiness to cooperate with government bodies to ensure market stability and protect the economic environment from unjustified volatility.