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Mafias of traders manipulate the exchange rates of the dollar in order to increase goods in the markets

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Mafias of traders manipulate the exchange rates of the dollar in order to increase goods in the markets

Baghdad / Obelisk: The Parliamentary Committee on Economy and Investment revealed, on Wednesday, June 2, 2021, the reasons for the high exchange rate of the dollar against the Iraqi dinar in the markets, during the current period.

Committee member, Nada Shaker Jawdat, told "The Obelisk" that the high exchange rates of the dollar against the Iraqi dinar in the markets, due to the lack of strict and strict government control, towards those who manipulate the exchange rates among the influential bank owners, especially since most of them belong to influential parties and personalities. .

Jawdat indicated that there are mafias in the market as well that manipulate the prices of the extravagant dollar of greedy traders, and this is all in order to raise the prices of foodstuffs and others. government, and for this we find the dollar is rising day after day.

A member of the Parliamentary Economy and Investment Committee warned that the continued lack of government oversight means the continued rise in the dollar exchange rates against the Iraqi dinar, and this matter will cause new humanitarian and economic disasters for citizens, those with limited income or the unemployed.

The Central Bank of Iraq decided to raise the price of selling the dollar to banks and exchange companies to 1460 dinars, from 1182 dinars to the dollar, with the aim of compensating for the decline in oil revenues caused by the deterioration of oil prices.

According to the estimates of the International Monetary Fund in its latest study, the boil in the dollar price often coincides with the beginning of a crisis in emerging economies.

The dollar price index rose to more than 98 points, an increase of more than 20 percent from what it was a year ago.

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