Al-Fatlawi: The government must take measures to reduce the exchange rate of the dollar

Al-Fatlawi: The government must take measures to reduce the exchange rate of the dollar

Wednesday 14 April 2021 | 09:25

Al-Fatlawi - The government must take measures to reduce the exchange rate of the dollarThe deputy of the Al-Fateh Alliance, Fadel Al-Fatlawi, carried the central government the reason for the continued rise in the exchange rate of the dollar in the local markets, pointing out that the government did not respond to Parliament’s demands on reducing the exchange rate .

Al-Fatlawi said, “Poverty levels have risen a lot as a result of the fiscal policy pursued by the government and the Central Bank to raise the dollar exchange rate .”

He added, “The government must take measures to reduce the exchange rate in order to avoid the economic crises that the Iraqi people are suffering from, due to the low value of the dinar against the dollar .”

And he indicated that “the government and the Central Bank threw the ball in the court of Parliament regarding the drawing of monetary policy, at a time there is complaining from the authorities responsible for determining the exchange rate of the dollar, which was set by the government without any planning or treatment of the damages resulting from such decisions.”

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