rafidainscope - Exchange markets in Iraq witnessed on Sunday a relative decline in the dollar exchange rate against the dinar, after it approached the threshold of 160,000 dinars per 100 dollars in recent days, a move that sparked wide debate in economic and public circles.
According to informed sources, this decline does not necessarily reflect a real drop in prices, but is rather seen as a "media-driven decline" promoted by some parties, without being effectively and sustainably reflected in the local market.
In parallel, this decline coincided with field operations led by the competent security authorities, which launched a campaign to pursue and close a number of violating exchange offices dealing at unofficial prices outside the approved legal frameworks.
Experts believe that these measures may temporarily contribute to curbing price hikes, but they do not represent a radical solution to the exchange rate volatility crisis, unless accompanied by deeper economic steps to regulate the market and enhance monetary stability.
