Dinar-Dollar Volatility: Seasonal and Structural Factors
By John Lee.
A report by the Future Iraq Institute for Economic Studies and Consultations reportedly highlights significant fluctuations in the exchange rate of the Iraqi Dinar (IQD) against the US Dollar on the parallel market over the past two decades, driven by a mix of seasonal, political, and macroeconomic factors.
Key factors cited in the report include: Timing of national budget releases;
Public holidays in major trading countries, especially China and Iran;
Dollar sales by the Central Bank of Iraq (CBI);
Political developments and financial policy changes;
Geopolitical disruptions affecting foreign currency demand.
Click here to read report from Shafaq.
(Source: Shafaq) Tags: Central Bank of Iraq (CBI), cg, Dollar, exchange rate, featured, foreign exchange, forex, Future Iraq Institute, inflation, IQD, Iraqi Dinar News
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