Economist: The continued rise in the dollar heralds a humanitarian disaster

Economist: The continued rise in the dollar heralds a humanitarian disaster

Monday 12 April 2021 | 09:08 a.m.

Economist - The continued rise in the dollar heralds a humanitarian disasterThe economist, Wissam Al-Tamimi, explained that there is a noticeable rise in the exchange rate of the dollar in the local markets, pointing out that this rise will lead to a major humanitarian disaster in Iraq unless it is remedied by the responsible authorities .

Al-Tamimi said, “The government, through its decisions, will achieve success in bridging the budget deficit, but at the same time it will create a humanitarian catastrophe and a significant rise in the level of poverty .”

He added, “The government did not address a problem, but rather created a new crisis, the results of which would be reaped by the poor, especially the earning segment and those with limited income .”

And that “the continuing high exchange rate of the dollar will lead to results that will not be rewarded, and large demonstrations may start for the segments demanding fairness and appointments as well as the poor to stand against the government and its decisions that imposed starvation on the people.”

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