Specialist calls on MPs to fulfill the return of the dollar exchange rate
economic 01/12/2022 | 8:47 PM
Information / Baghdad...
The expert in economic affairs, Basil Al-Obaidi, called, on Wednesday, for members of the House of Representatives in the current parliamentary session to fulfill their promises they made to themselves regarding the follow-up of the file of the exchange rate of the US dollar against the Iraqi dinar and seek to return it to its previous era.
Al-Obaidi said in a statement to the "Information" agency, that "the members of the House of Representatives in the current session, and before winning the parliamentary seats, made a pledge to return the exchange rate of the US dollar against the Iraqi dinar, which affected the poor and greatly affected large layers of the people."
He added, "The government's decision, represented by the Ministry of Finance, to suddenly raise the exchange rates of the dollar against the dinar created a real economic crisis for the Iraqi citizen, resulting in a significant increase in the prices of most of the materials used to be purchased."
Al-Obaidi indicated, “The Ministry of Finance is responsible for this decision, which it planned and directed to implement at a time when international oil prices and the reserves of the Central Bank have witnessed a decline, pointing out that
“cash reserves have become promising, and oil prices have also begun to gradually rise.”
He pointed out that "the rise in international oil prices and the financial abundance that resulted from it made it imperative for the next government to take measures to reduce the exchange rate below the current or return it to its previous era."
The rise in the price of the US dollar against the Iraqi dinar exacerbated the suffering of large layers of society, which prompted citizens to austerity to manage their affairs, amid difficult living conditions. finished / 25 BC