Economist: The government has prepared citizens for the shock of the new dollar price ... Beware of this ?!

Time: 12/18/2020 19:15:24
 
{Baghdad: Al Furat News} Economic expert, Saleh Al-Hashemi, said, Friday, that "the government has prepared citizens to shock the new dollar exchange rate by manipulating prices during the past days."

Al-Hashemi told {Al-Furat News} that "the decisions to reduce allocations and manipulate the income of citizens are dangerous, and the government was supposed to take measures to address the situation, through realistic economic plans," indicating that "the dollar exchange rate against the dinar is a citizen's body to receive the shock, which is an attempt to receive the exchange rate." The new that the government aspires to, of {145}. "

He continued, "The government had to take into account the conditions of the monthly income of the Iraqis before raising the price of the dollar, imposing a sales tax, as well as increasing the price of fuel, because such cases resulted in another country to a massive public uproar."

He pointed out that "all the data circulating at the present time were not supported by the Ministry of Finance, and today the government is stored with caution and addressing the existing waste and unjustified spending towards the direction of citizens' input."

He pointed out that "this reduction may increase corruption in the joints of the Iraqi state because of the spread of bribes due to the reduction of salaries, and this will lead to large losses in state institutions."

It is noteworthy that the media published a copy of the draft fiscal budget for the year 2021, turmoil in the foreign currency market in Baghdad, as the exchange rate of the dollar in the local market rose to 1340 dinars before it decreased to 132 thousand dinars after government and parliamentary assurances that the draft is not final and subject to modification.

A special source for Euphrates News revealed that the Central Bank of Iraq will soon set a new price for the exchange of dollars in the country.

The source told {Al-Furat News} that "the central bank, starting next Sunday, will adopt a new price for the dollar, at a value of 1450 dinars for one dollar {ie 145 thousand dinars for one hundred dollars}".

It is noteworthy that the Central Bank of Iraq is currently selling dollars for 1190 dinars.

Raghad Daham

LINK