Economist: “Food Dollar” Is The Best Way To End The Situation Of High Prices

Economist: “Food Dollar” Is The Best Way To End The Situation Of High Prices

03/17/2022 | 9:22 AM

Economist - Food Dollar Is The Best Way To End The Situation Of High PricesInformation / Baghdad…

Economist Ihsan Al-Kinani indicated, on Thursday, that the government can resort to a plan that would reduce food prices in the country instead of zeroing customs duties, pointing to the possibility of dealing in food dollars, so that food traders are registered with banks to sell dollars to them at a price supported by the state. To ensure the reduction of imported food prices.

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Al-Kinani told Al-Maalouma, “The government has achieved great revenues through the rise in international oil prices, and it is likely that prices will continue to rise to more than $90 a barrel for the month of June.”

He added that “the financial abundance enables the government to open a new window for selling the dollar to food traders from importers only, so that the dollar can be sold under the name of the food dollar, provided that it is supported by the government so that it is sold to them at less than its set price by a certain percentage that may reach 25 percent.” “.

And Al-Kinani stated, “Resorting to the food dollar is enough to reduce food prices, especially since there is a significant increase in the prices of basic materials, and exploitation by traders and importers, while the citizen falls victim to this matter.” finished/ 25 n

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