Finance Committee: The decline in local currency exchange is temporary

, asserting that the decline is linked to speculation in the Iraqi market among owners of banking companies.

The committee member , Masood Haider told “Shafaq News", that "The decline of the Iraqi dinar exchange rate against the dollar is linked to the draft federal budget law which set a ceiling for the steady sales of the Central Bank of Iraq by 75 million dollars a day."

Haider said that "the decline in the dinar exchange rates is temporary and will return to normal in the coming days," noting that "the decline is linked to financial speculation between the owners of the local banking companies."

The Iraqi dinar exchange rates have witnessed a decline against the US dollar over the past few days, bringing the value of the dollar to 1260 dinars per dollar, after the price was 1200 dinars last month.