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[size=36]A leader in Saeron attributes the instability of exchange rates to "greedy speculation"[/size]
- Today, 18:10
Baghdad - IQ
The leader of the Saeron Alliance, MP Burhan Al-Mamouri, said Friday (December 11, 2020) that the instability of the Iraqi dinar exchange rates against the US dollar in the local markets, despite their stability in the currency auction, indicates the existence of "greedy speculations carried out by parties that do not want good for Iraq." .
" The exchange rates of the Iraqi dinar against the dollar are witnessing a clear instability in the market, while we notice them steady in the currency auction, which indicates greedy speculations by parties that do not want good for Iraq and its people," Al-Mamouri said in a statement received by IQ News .
The head of the Saeron Alliance added, "The big difference between the official price of the dollar and what is traded in the local markets confused the market and raised citizens' concerns about the high prices of goods and foodstuffs, which causes a new burden on the Iraqi individual."
He called for "reconsidering the currency auction, monitoring exchange rates in local markets, and punishing all those who manipulate the currency rate with severe penalties to protect the national economy, which suffers greatly as a result of the absence of a strategic vision in managing the country's financial file."
It is noteworthy that the selling price of the dollar reached in the Iraqi local markets these days, about 127,250 dinars per 100 dollars.
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