By: Ali Altalaqani
For the first time in years, the largest wholesale markets in Iraq were out of shoppers after the central bank and the government’s announcement to devalue Iraqi Dinar against the dollar.
A state of confusion is dominating over the Iraqi Markets, after leaking the 2021 budget that accompanied statements of Minister of Finance, Ali Alawi.
The Central Bank announced a devaluation of Iraqi dinar against the US Dollar to 145 thousand to 100 dollar.
Al-Kefah Market of foreign currency opened with a selling price of 146 thousand for each 100 dollar, and a buying price of 144 thousand for 100 dollar.
Today, streets of Shojah, a district that holds the biggest and most crowded markets in Iraq, were out of shoppers.