After the rise in oil, an expert reveals the possibility of reducing the dollar exchange rate with this mechanism
After the rise in oil, an expert reveals the possibility of reducing the dollar exchange rate with this mechanism
02:53 – 10/202021
Special – Mawazine News
, the economic expert, Nabil Al-Marsoumi, revealed, on Wednesday, the possibility of restoring the dollar exchange rate to its previous era, by a certain mechanism.
Al-Marsoumi told Mawazine News, “The current budgets in Iraq have inflated, and the 2021 budget differs from its predecessors,” noting that “the actual spending of the country exceeds 110 trillion dinars. Therefore, in light of current prices, if the exchange rate is restored, debts of up to 120 trillion dinars will accumulate. “.
He added, “It is possible for the state to gradually improve the Iraqi dinar exchange rate because the shock method adopted in changing the exchange rate was not appropriate.”
Al-Marsoumi stressed, “The rise was at a high rate and at an inappropriate time, at a time when poverty indicators rose due to the Corona virus, and there was an uproar and shock in the markets.” Ended 29/A43
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