Economic Center: Citizens fell victim to speculators and statements that confused the dollar market
389 Economy 10/26/2022 16:10
Baghdad today - Baghdad
Today, Wednesday, the Iraqi Political Economic Center accused the
statements of "non-specialists" in the economic field and political tensions of being behind the fluctuation of the dollar's price and confusing the situation in the market,
calling on citizens not to be drawn into rumors launched by speculators to push them to sell the dollar at a lower price than the official one.
And the director of the center, Wissam Hadmal Al-Helou, said in a statement that (Baghdad Today) received a copy of it, that
“the price of the dollar will not change suddenly and suddenly, and it is linked to the budget,” noting that
“the Central Bank has repeatedly confirmed that there are no intentions to change the price of the dollar, and
it is the only institution responsible for setting the price of the dollar.” exchange and
- according to the assessment of global markets, the
economic situation around the world, and
commercial and financial dealings with specialized international institutions. He added that
"the 2023 budget needs months before its approval between sending it from the new government and discussing it in the House of Representatives before voting on it, and
the decision to change the exchange rate
- is not easy and
requires political consensus and economic advice to prevent repercussions on the Iraqi economy." He pointed out that
"what is happening today in the local markets is speculation by spreading rumors and false news to push citizens to sell the dollar at a price below the official exchange rate.
Its official sources are represented exclusively by the Ministry of Finance and the Central Bank.
A number of deputies recently issued statements and mobilizations to change the dollar’s exchange rate and return it to its previous price,
- which caused the dollar’s prices to drop in the market,
which was attacked by economists and considered that
these statements are in the interest of speculators and caused losses to citizens who own the dollar currency.