An ad hoc committee: The divergence of dollar prices undermines the confidence of the national economy

12/11/2020 18:43:32
 
(Baghdad: Al Furat News) A member of the Parliamentary Investment and Economy Committee, Burhan Al-Mamouri, said today, Wednesday, that the instability of the currency rate will lead to confusion in the market and undermine confidence in the national economy.

In a statement, Al-Furat News Agency received a copy of it today, Al-Maamouri said, "The exchange rates of the Iraqi dinar against the dollar are witnessing clear instability in the market, while we notice them steady in the currency auction, which indicates greedy speculations carried out by parties that do not want good for Iraq and its people."

Al-Maamouri added that 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 commodities and foodstuffs, which causes a new burden on the Iraqi individual.

Al-Maamouri called for a reconsideration of the currency auction, monitoring the exchange rates in the 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 financial file.

Raghad Daham

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