Al-Fateh Alliance: There are no indications to reduce the exchange rate

Al-Fateh Alliance: There are no indications to reduce the exchange rate

17:10 – 05/05/20210

Al-Fateh Alliance - There are no indications to reduce the exchange rateInformation / Special …

The deputy of the Al-Fateh Alliance, Muhammad Al-Baldawi, confirmed, on Wednesday, that there are no indications in the House of Representatives to reduce the exchange rate of the dollar to what it was previously.

Al-Baldawi said in a statement to / Al-Maalouma / “The indicators in the House of Representatives do not suggest that the dollar exchange rate will return to what it was previously,” indicating that the Al-Fateh Alliance demands that it be returned to its previous natural price.

He added, “ Iraq is witnessing unstable conditions such as health, bad economy, high market prices, in addition to the absence of the ration card. All this does not allow the exchange rate to be as it is now.”

It is noteworthy that with the advent of the month of Ramadan, the Iraqi Stock Exchange recorded a new rise in the exchange rate of the dollar against the dinar, after statements by an official in the Central Bank of Iraq confirming that the World Bank had proposed to Iraq to raise the exchange rate to be 1600 dinars per dollar.

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