Leader in the framework: The government will adopt the principle of a gradual reduction in the dollar exchange rate
Leader in the framework: The government will adopt the principle of a gradual reduction in the dollar exchange rate
12-19-2022
Information / Diyala..
The leader in the coordination framework, Aqil al-Rudaini, explained, on Monday, that the government will adopt the principle of a gradual reduction in the dollar exchange rates to face the continued depreciation of the local currency.
Al-Rudaini said in an interview with Al-Maalouma, that “addressing the crisis of the dollar’s high exchange rate in the markets falls within the tasks of the Sudanese government, and it has the powers to do so by formulating immediate solutions in coordination with the Central Bank and the rest of the relevant financial departments.”
He added, “The Sudanese government will adopt in the coming days a series of solutions in order to increase the supply of dollars in the markets, leading to a reduction in the exchange rate, but according to a gradual framework in order to reach a specific ceiling that guarantees stability in the markets and gives flexibility that guarantees lowering prices, especially for basic materials.”
He pointed out that “the rise of the dollar affects the prices of many basic materials, and this matter must be paid attention to and strive to take all means in order to curb its rise in the coming period.”
The Iraqi markets witnessed a clear rise in the exchange rate of the US dollar, which led to damage to wide segments, especially the simple, through its impact on raising basic materials.
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