Factors that contributed to the increase in the supply of the dollar and its depreciationVisits : 63

Factors that contributed to the increase in the supply of the dollar and its depreciation

Dr. Rashad Abdo, the economist, stressed that the price of the dollar is determined like any commodity according to the mechanisms of the free market, and that the price of any commodity is determined based on supply and demand, so the greater the percentage of the supply over the total demand, the price decreases and vice versa, which applies to the low price of the dollar against the pound As there is a surplus in the state from the dollar, enough demand for it, and consequently, the price fell to more than 3 pounds in less than 6 months.