Iraq: Fluctuation of the economy as a result of the deteriorating security situation.

0 11

Baghdad-Iraq – 12/6/2016

Iraq’s economy is experiencing an unprecedented recession as a result of the deterioration of the political and security situation and the military operations against ISIS, which caused a reduction in the exchange rate of the Iraqi dinar against the dollar, but the high price of oil has recently contributed to return the value of the Iraqi dinar against the dollar.

 

 

 

At a time when the Iraqi government is trying to cope with the large fiscal deficit through external borrowing, the deteriorating political and security situation and the military operations against ISIS contributed to enter the Iraqi economy in a case of fluctuation accompanied by a significant drop in the exchange rate of the Iraqi dinar against the dollar.

Remarkably, despite the poor conditions endured by the Iraqi economy, but the Iraqi dinar exchange rate has started to take a curve rise against the dollar in conjunction with the rise in oil prices, which reflected positively on the market movement, which stagnated in the recent months.

The economic expert Nizar al-Waeli noted that the rising of the exchange rate of the Iraqi dinar against the dollar is fabricated and unnatural, attributing this to the auction of the currency at the central bank.

 

 Download

When you download this material, you are entitled to use it with ARAB24 logo within 3 months from the date of downloading it without using it commercially / renting it / re-selling / re-publishing / distributing it / without the written permission of ARAB24, the exclusive owner of the material.
Contact Our Sales Department for Video Without our Logo: Newsdesk@a24na.com
You might also like

Leave A Reply