Economist: Popular pressure may lead to an adjustment in the dollar exchange rate
economic 2022/02/27 | 11:17 AM
Information / Baghdad..
The researcher in economic affairs, Nabil Jabbar Al-Ali, expected, on Sunday, that popular pressure on measures to change the exchange rate would result within an acceptable monetary range, to contribute to reducing pressure on individuals’ incomes due to the increase in inflation.
Al-Ali said in a statement to “Information” that “the consumer price inflation pushed him to resentment even more, calling on the political forces to amend the exchange rate, especially after the rise in oil prices, exceeding $95.”
He added that "the issue of exchange formed a kind of political competition between Shiite political forces, in particular, to try to please the Iraqi people and win their affection."
He pointed out that "the continuous popular pressure may result in an adjustment of the dollar exchange rate to its previous era, despite the reservations of Finance Minister Ali Allawi to reduce the exchange rate."
The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced that more than 100 deputies signed on hosting the Minister of Finance, while noting that the high exchange rate did not benefit the state. finished / 25 h