An economist talks about a "hidden war" that the state is waging to protect its financial policy
1,644 economies 2021/04/02 18:54
Baghdad today - Baghdad
The economic expert, Rasim Al-Akidi, spoke today, Friday, about a "hidden war" that the government is waging with tools that work in the interest of regional countries, and seeks to hit the government's financial policy, after the decision to raise the dollar exchange rate.
"The high exchange rate of the dollar after the approval of the Iraqi budget for the year 2021 is not surprising to us, and we expected it several weeks ago," said Rasim al-Aqidi, in an interview with (Baghdad Today), pointing out that
"the government has adopted the framework of the dollar-administered float to legalize its sale and prevent its smuggling abroad." In various ways, but at the same time it lost control of the system of price movement of goods and materials, especially basic foodstuffs."
Al-Aqidi added, "The government is currently fighting a hidden war with multiple tools working abroad for the benefit of regional countries, and is seeking to strike the financial policy adopted by Baghdad, after the decision to raise the dollar exchange rate," indicating that
"the war comes in terms of introducing imported materials illegally." Or obtaining discounts, as well as tax evasion."
He continued, "Under the current circumstances, the dollar has become subject to the framework of free floatation in the manner of speculation, supply and demand, which means that its rise to the top is very likely, but in return the government will not push into pumping large sums of money in an attempt to thwart what those parties and tools want."
The economist pointed out, "The government unfortunately lost the principle of a sensitive balance between local production and its ability to cover market needs, so there is no consensus or coordination between the relevant departments in order to provide production and marketing requirements, and this is not in the government's interest."