Economic specialist for / NINA /: The exchange rate of the dinar must be reconsidered after its justifiable disappearance

Friday 19, March 2021 12:27
 
Baghdad / NINA / Economic specialist Dergham Muhammad Ali called for a review of the exchange rate of the dinar after the justification for reducing it had ceased to exist.

In a statement to the Iraqi National News Agency ( NINA ) , Muhammad Ali said, "The inflationary effects and losses that the new exchange rate has inflicted on the local market and the citizen are put forward beyond any doubt that its negative effects are much greater than any alleged reform." With the drop in oil prices, it has disappeared, and its survival strongly raises the hypothesis of a common conspiracy between the political blocs for reasons to maintain the current price levels. "

And between: "The accounts of the gains of the blocks go far beyond the interest in the lower-income groups that have been crushed by the new exchange rate, as the blocks are looking for compensation that the budget will allocate to contractors and investors for the exchange rate difference, in addition to taking advantage of the liquidation of the balances of dollar blocks into more dinars to buy state real estate and its agricultural lands." Which the budget allowed to be sold. "

He stressed, "The current year’s budget carries the biggest conspiracy against Iraq and that those who set it up and those who amend it are partners in destroying the country for the interests of their blocs," according to him. "

The Parliamentary Finance Committee had announced that the exchange rate in the draft budget law put to the vote remains the same. 1450 dinars to the dollar. / End 8

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