Economist: The conflicting statements about the exchange rate caused a stagnation in the markets

Update 10/28/2022 - 4:06 AM
  
Economy News-Baghdad

On Thursday, economic expert Ali Daadoush called on the new government to activate the private sector and support the local industry, instead of thinking about changing the dollar exchange rate.

Dadush told Al-Iqtisad News, "After each election and the emergence of the government formation process, events are accelerating and political voices are rising to win the people's affection (the general public), and the shortest way for that is to change the exchange rate under the pretext of reducing poverty and unemployment."

He added, "The process of changing the exchange rate does not concern the poor, but rather has a direct relationship with the rich, since the poor do not have foreign currency, but the rich and the rulers of power and politics are the ones who own the dollar."

He explained, "With every formation of a new government, the internal market is destabilized and there is a severe stagnation in the buying and selling operations, which increases the suffering of the earners and the daily wage earners who join the class of the poor and the unemployed, and this is also related to the lofty political voices that seek to change the exchange rate."

He called on the government to "work seriously to operate factories and factories in the public sector and support the private sector on the other hand, as the first produces goods that increase the demand for them locally, and the private sector also works to import goods that the government does not produce according to a medium-term action plan, and gradually it turns Work is a partnership in the operation of factories and factories, and local production expands to include those imported goods.”

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