Baghdad Chamber of Commerce Warns of Exchange Rate Adjustment Impact on Markets

mesoiraq - The Baghdad Chamber of Commerce warned of the potential repercussions of adjusting the Iraqi Dinar exchange rate against the US Dollar on market activity and the national economy, calling for comprehensive studies and clear transitional measures to support the commercial sector. The Chamber stated that exchange rate fluctuations directly impact import costs and commodity prices, given existing financial commitments between traders and foreign suppliers. It emphasized the need to safeguard consumer purchasing power and market stability while expressing readiness to collaborate with government and banking authorities to propose stabilization measures.