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An economist warns against working with the 1/12 system next year

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https://almaalomah.org/2021/06/11/539319/

An economist warns against working with the 1/12 system next year

10:52 - 11/06/2021
Information/Baghdad.


The economic affairs specialist, Safaa Al-Khalisi, warned, on Friday, against working with the 1 by 12 system next year,

pointing out that the dollar will continue to rise and will take advantage of the absence of the legitimate government after the elections to raise the price of the dollar more than its current value.

Al-Khalisi said in a statement to "Al-Maalouma", that "the dollar continues to rise without taking any government measures that would control prices or impose specific pricing or deterrent measures against those who exploit this rise."

He added, "The government should have activate the food dollar option, so that food traders can obtain the dollar according to the previous price in order to ensure that the value of these materials will not be raised and thus achieve the simplest requirements of the people, provided that the trader is registered with the Baghdad Chamber of Commerce and submits the identification papers for import“.

Al-Khalisi explained, "The continued rise of the dollar will be exploited during the next year, especially if the elections are held on time and the caretaker government is resorted to, as the budget will be spent according to the 1 by 12 system, which will push to exploit this circumstance to raise the exchange rate of the dollar in the local markets more than current price.”
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