Parliamentary Economy: Warns of Continued Uncontrollable Dollar Exchange
Parliamentary Economy: Warns of Continued Uncontrollable Dollar Exchange
7-16-2024
Information / Baghdad..
Deputy Chairman of the Parliamentary Economic Committee, Yasser Al-Husseini, warned today, Tuesday, of the continued chaos in the dollar price on the black market, while stressing that the primary beneficiary of the dollar’s rise is a group of banks and companies affiliated with political parties.
Al-Hussaini said in an interview with Al-Maalouma Agency, “There is a gap between the official dollar price and the black market,” indicating that “if the dollar exchange rate continues to rise without real measures, the price will exceed 150 thousand.”
He added that “the rise continues due to the ill-considered decisions of the government and the Central Bank,” stressing “the need for urgent and rapid intervention by the government to control and stabilize the exchange rate and monitor the effects witnessed by the markets.”
Stressing that the stability of the exchange rate contributes directly to the stability of the prices of goods and commodities, which are constantly affected by movements.
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