Parliamentary Finance: The Iraqi economy will not be affected by the Syrian situation

Member of the Finance Committee in the Iraqi Parliament, Moeen Al-Kadhimi, confirmed on Monday that the government and the Central Bank have taken several important measures to confront the security and economic challenges in the country, especially in light of the deteriorating situation in Syria.

Al-Kadhimi explained to Shafaq News Agency that the situation in Syria does not affect the Iraqi economy or the dollar exchange rate in the local market.

He added that the dollar exchange rate in the parallel market is currently stable, noting that the government is working to reduce the gap between the parallel exchange rate and the official rate to achieve greater economic stability.

Currency markets, especially in the Kurdistan Region, are witnessing significant changes with the “sudden” rise in the value of the Syrian pound against the Iraqi dinar.

After the fall of Bashar al-Assad’s regime, the Syrian pound continues its recovery against other currencies, especially the US dollar, which declined by 18 to 20% during the past few days.

Shafaq.com