Fluctuations in dollar’s exchange rates against dinar cause financial losses

The exchange rate of the US dollar against the Iraqi dinar returned to stability at 174 thousand and a half per 100 dollars, after declining nearly fifty points during the past three days, when the indicators of the purchase value fell and reached 143 thousand per 100 dollars.

The Iraqi market suffered considerable financial losses as a result of the fluctuating situation. The financial and banking expert, Mahmoud Dagher, said that the fluctuation was due to some political statements and stances, and the only one affected is the citizen among the few owners of capital who resorted to exchanging the dollar for fear of expected loss.

The owners of money and hard currency benefited from the fluctuations of the market. The owners of exchange companies said the occurrence of huge losses in their capital amid the instability in the exchange rate because of the due obligations.