mniraq - The Baghdad Stock Exchange opened trading with an increase in the exchange rate of the US dollar against the Iraqi dinar, amid continued demand for the American currency in the parallel market amid commercial and financial pressures.
Economic experts explained that the continued pressure on the exchange rate is due to increased demand to finance trade outside official banking channels, despite announced government plans to gradually reduce the exchange rate and achieve monetary stability.
The Central Bank of Iraq had previously announced adjustments to the official exchange rates approved for purchase and sale at banks and for the public, as part of its policies aimed at controlling the financial rhythm and monitoring the movement of foreign currency in the country.
