Rising dollar hurt Iraqi markets
The rise in the dollar's price in Iraq has caused widespread chaos in the markets and an increase in the prices of basic goods, with the exchange rate in the parallel market surpassing 1,400 dinars per dollar. This has led to a decline in citizens' purchasing power and a significant halt in sales activity. Food items such as oil have surged from 17,000 to 52,000 dinars. Inflation has impacted the lives of impoverished groups unprecedentedly, and there are expectations that suffering will worsen if the situation remains unresolved. Experts emphasize the necessity of stabilizing the exchange rate to preserve a decent standard of living and prevent the escalation of burdens on society, especially the vulnerable groups.
Notice: This Is an AI-Generated Summary
Comments (0)