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Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at 1130 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at 1130

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Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at 1130 Empty Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at 1130

Post by claud39 Tue Apr 06, 2021 10:04 am

Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at 1130


04/05/2021





Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at 1130 %D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-696x435




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The economist, Hakim Al-Adly, said on Monday that the government's insistence on keeping the exchange rate at what it is in the budget at 1445 is illogical.

Al-Adli said, in a statement to the information agency, that “what the exchange rates have witnessed from rising may prompt the Iraqi citizen to return to the days of selling window curtains and house doors in order to provide a livelihood for children in light of the obscene price that Iraq will accept when the price of 100 dollars reached 150 thousand Iraqi Dinar".

He added, “The government's insistence is illogical regarding the dollar’s ​​exchange rate remaining as it is, and there is no justification for its survival, especially since the International Monetary Fund proposed to Iraq that the price of the dollar be at the limits of 1130 dinars and not as approved in the budget at 1445 ″.

He pointed out that "the coming days may witness a big jump in prices, and it is likely that they will increase when the budget reaches the Presidency of the Republic and is approved," indicating that "we will not be surprised if the dollar price reaches 1550 dinars, as it is a government desire to exhaust the citizen."

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