Without affecting the economy.. Expert: the government is able to reduce the exchange rate
8 November 18:21
Information / private..
Economist Zia Al-Mohsen stressed on Tuesday that the current government should work to reduce the exchange rate without affecting the citizen and its economy at the same time.
"The economic steps taken by the new government will contribute to the financial stability of Iraq and lower the exchange rate without affecting the Iraqi economy and citizens," Al-Muhsin said in an interview with Al-Malouma, adding that
"the first steps were to announce the planting of five million dunums of wheat. He added,
"the agricultural and industrial economic plan in which the Sudanese government is proceeding,
if properly applied to its end, will certainly reduce the exchange rate without affecting any of the parties".
"Most of the central bank's dollar sales go to the import of foodstuffs,
if the state controls the import, the demand will decrease and the central bank will deliberately reduce the exchange rate," he said.
A number of Deputies had announced earlier, about collecting parliamentary signatures from all political blocs in order to work on reducing the dollar exchange rate, and
this decision comes after many appeals from citizens and complaints about the cost of living due to rising prices twice as much as they were before voting to raise the dollar rate in 2020. Over25 / y