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An economic expert: no use of exchange rate reduction or keeping it on what it is currently .. Here is the imbalance

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An economic expert: no use of exchange rate reduction or keeping it on what it is currently .. Here is the imbalance

345 Economics 2021/03/28 19:40
Baghdad today - Baghdad


The economic expert on behalf of Antoine, said on Sunday that continue to reduce the dollar exchange rate by political forces against passing the budget means there '' a political match '' has nothing to do with the Iraqi economy.

"There is an international compliment," Antoine said.

"The dumping of Iraqi markets in consumer products, for the purpose of striking Iraqi goods, is part of those attempts to hit the Iraqi economy," he said.

"The return of the dollar to what previously did not mean that the Iraqi economy will mature or improve its conditions, and do not keep the dollar on its present position contributes to increased domestic production, there is no coordination, among the concerned parties to promote Iraqi production."

"The differences on draft balancing paragraphs 2021, are saying differences based on political moods and mood, and has no relation to the reality of the Iraqi economy," says Antoine.

"The political differences will increase economic crises in Iraq."

Earlier on Sunday, the Presidency of the House of Representatives decided to postpone the vote on the budget to the seventh evening.

"Discussions and political forces continue with the government and its ministries on the budget bill," a source familiar with Baghdad said.

"Therefore, the Presidency of the House of Representatives decided to be a vote on law at 7 pm on Sunday," she said.

The parliament session was scheduled to be held today at 3 o'clock.

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