Want to create an interactive transcript for this episode?
Podcast: My FX Buddies
Episode: Will the exchange rate reach 1600 dinars?
Description: Will the exchange rate reach 1600 dinars?
link to My FX Buddies Blog
Economic expert, Munar Al-Abidi, confirmed that the dollar exchange rate in the parallel market may reach 1,600 dinars in the coming days after the Central Bank reduced the money supply.
Al-Obaidi said that the parallel exchange rate in the local market changes as a result of supply and demand, noting that it is expected that the value of the dinar will decrease against the dollar in the coming days and reach the 1,600 dinar barrier.
He added that the reduction in...