An economist offers a single solution to overcome the dollar crisis
An economist offers a single solution to overcome the dollar crisis
1-11-2023
Information / Baghdad ..
Economic expert Diaa Mohsen confirmed, on Wednesday, that government measures and the Central Bank will not help in overcoming the crisis of the high dollar exchange rate, indicating that the only and best solution is to close the currency window in front of exchange offices.
Mohsen said, in a statement to Al-Maalouma, that “the merchants’ orientation to the parallel market to obtain dollars is the root of the problem in raising the exchange rate, despite their exemption from taxes.”
He added, “The recent measures of the government and the central bank, and the latter’s promise to solve the problem within weeks, did not and will not happen, in addition to forcing government institutions to deal in dinars is not new because all government institutions originally deal in Iraqi dinars and their accounts are based on the dinar, and the dollar is nothing but travel offices in the private sector, which are It does not constitute any significant importance compared to its daily dealings.
Mohsen explained, “The government and the central bank have one solution, which is to close the sale of the currency window in front of the exchange offices to force merchants to resort to opening their foreign trade credits with the Rafidain and Rasheed banks, and thus we will block the way for merchants to go to the parallel market that manipulates the exchange rate, especially since most merchants They fraudulently obtained dollars by opening their own exchange offices.
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