A member of Parliamentary Finance expects the dollar exchange rate to rise to 160,000 dinars

by **RamblerNash** Sun Apr 04, 2021 12:13 pm

11:59 - 03/04/20210

The information / Baghdad ..

The representative of the state of law in the Parliamentary Finance Committee, Abd al-Hadi al-Saadawi, expected, on Saturday, that the exchange rate would reach 1600 against the dollar.

Al-Saadawi said in a statement to "the information", that "the Saeron bloc agreed with the Kurdistan Democratic Party and persuaded the Al-Fateh bloc to go ahead with the exchange rate in order to achieve financial gains."

He pointed to “the control of one of the political parties over the Central Bank to withdraw hard currency in dollars and sell it in Iraqi dinars after the exchange rate rose for specific gains,” expressing his fear that “the exchange rate would reach 160 thousand dinars against 100 dollars in addition to the high prices and the only affected are the poor. “.

The economic expert Ihssan Al-Kinani confirmed in a previous statement that the prices of foodstuffs and the local market in general will rise more than before, after the official adoption of the exchange rate of the empty dollar in the budget. Ended / 25 h

https://almaalomah.org/2021/04/03/528250/