The College of Administration and Economics at the University of Basrah organized a scientific economic symposium on the rise in the exchange rate of the Iraqi dinar against the US dollar.
The symposium aims to clarify the way the dollar sale works by the Central Bank, its objectives, the pros and cons, and the economic effects of devaluing the Iraqi dinar against the US dollar, which causes a significant rise in inflation levels and the inability to control the parallel market for foreign exchange by the central monetary authorities to avoid speculation in the black market.
The symposium included three topics. The first topic dealt with currency selling and the depletion of foreign reserves. The second topic showed the reasons behind the high exchange rate of the dinar against the dollar. The third topic explained the proposed treatments for the stability of the Iraqi dinar exchange rate against the US dollar.
