An economist accuses “influential parties” of fabricating the dollar crisis and calls on the Central Bank to intervene urgently.
An economist accuses “influential parties” of fabricating the dollar crisis and calls on the Central Bank to intervene urgently.
10-3-2026
Information / Baghdad…
On Saturday, economist Abdul Rahman Al-Mashhadani accused influential parties of fabricating the current rise in dollar exchange rates in local markets, explaining that the goal of this rise is to achieve exorbitant profits for specific banks that are not subject to sanctions.
Al-Mashhadani told Al-Maalouma that “the local market is witnessing clear confusion due to the unjustified rise in exchange rates,” calling on the Central Bank of Iraq to “conduct a real and urgent review of the monetary policy mechanisms currently in place.”
He added that “it has become necessary for the Central Bank to intervene immediately and inject sufficient quantities of foreign currency (dollars) to save the market and curb speculators,” while warning of “the continued rise in exchange rates and the worsening of the crisis if the situation remains as it is without radical solutions.”
Economist Dirgham Muhammad Ali had previously confirmed to Al-Maalomah that the main reason behind the rise in the dollar exchange rate was related to the withdrawal of Al-Taif Bank, which is a major official gateway for dollars entering the country through the Western Union network.
almaalomah.me
