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Economist: speculators and exchanges manipulating the dollar and it will affect the markets and citizens
Time: 12/16/2020 13:39:29 Read: 4,394 times
(Baghdad: Al Furat News) Economist Basem Jamil Antoine confirmed, on Wednesday, that speculators and exchange dealers are manipulating the dollar, while this manipulation will affect the markets and citizens.
Antoine said in an interview with Al Furat News Agency that "the Central Bank is not a judicial or executive authority, and it includes a window to sell the currency and pumps quantities of currency to achieve a balance between supply and demand.".
And that "there is a kind of speculation by selling the dollar, and there are trillions of dinars in the hands of speculators and exchanges, and they trade in them and achieve a kind of instability and achieve interest."
"The Central Bank refuses to raise the price of the dollar because this will create a crisis with import, because Iraq depends on import and there is no local production, which will affect the local markets and citizens," he said, adding that
"international organizations also stand against the process of raising the price of the dollar."
Ali al-Rubaie
Economist: speculators and exchanges manipulating the dollar and it will affect the markets and citizens
Time: 12/16/2020 13:39:29 Read: 4,394 times
(Baghdad: Al Furat News) Economist Basem Jamil Antoine confirmed, on Wednesday, that speculators and exchange dealers are manipulating the dollar, while this manipulation will affect the markets and citizens.
Antoine said in an interview with Al Furat News Agency that "the Central Bank is not a judicial or executive authority, and it includes a window to sell the currency and pumps quantities of currency to achieve a balance between supply and demand.".
And that "there is a kind of speculation by selling the dollar, and there are trillions of dinars in the hands of speculators and exchanges, and they trade in them and achieve a kind of instability and achieve interest."
"The Central Bank refuses to raise the price of the dollar because this will create a crisis with import, because Iraq depends on import and there is no local production, which will affect the local markets and citizens," he said, adding that
"international organizations also stand against the process of raising the price of the dollar."
Ali al-Rubaie
