An Economist Criticizes The Persistence Of Dollar Prices At Their Current Status
An Economist Criticizes The Persistence Of Dollar Prices At Their Current Status
02/16/2022 | 12:45 PM
Information/Erbil…
Economist Kovind Sherwani criticized, on Wednesday, that the dollar exchange rate remained high despite the increase in the price of oil in global markets.
Sherwani said in a statement to “The Information”, that “it was scheduled to restore the price to its previous position, in light of the rise in the price of oil, which exceeded $93 per barrel.”
He added that “this increase should be reflected on the life of the citizen, and alleviate the severity of unemployment and poverty, which increased due to the government’s decisions when it decided to raise the price of the dollar.”
The rise in the price of the dollar led to a crisis in the Iraqi street. It contributed to raising food prices and shrinking markets. Because the country relies heavily on imported goods. End / 25 A.D
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