An economist rules out the dollar's return to its previous price
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An economist rules out the dollar's return to its previous price

Saturday 26 February 2022 09:42
Baghdad / NINA / - The economic expert, Raad Twij, ruled out the return of the dollar exchange rate to the previous price of 118 thousand Iraqi dinars.
Twig said in a statement to the National Iraqi News Agency / NINA /: “In view of the insistence of the Central Bank and the Ministry of Finance on the grounds that the recent change in the exchange rate was a final and decisive matter, it is unlikely to return to the previous exchange rate, especially since it has been a long time.” .
He noted that "the Iraqi economy, with all its monetary and real sectors, has rebalanced the new price according to the market system."
He added: "Although the decision harmed many segments, especially the poor, it reduced the smuggling of hard currency to other countries, and the demand for hard currency is still high and increasing."/ End 8
https://ninanews.com/Website/News/Details?key=959306
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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