Advisor Al-Kazemi warns: Hypocrisy over the dollar price will create turmoil in the market
Advisor Al-Kazemi warns: Hypocrisy over the dollar price will create turmoil in the market
Thursday 25 March 2021 | 10:34 a.m.
The advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, predicted, on Thursday, that the rise in food prices will stabilize in the future, considering that the contradictions between the political blocs on the issue of changing the exchange rate of the dollar will affect the movement of supply and demand, which creates turmoil in the movement of the market .
Salih said that “the contradictions between the political blocs on the issue of changing the exchange rate of the dollar will affect the movement of supply and demand, which creates turmoil in the movement of the market, especially since these expectations are not settled until now .”
Saleh added, “The rise in prices is one-off and does not continue into the future, and I think this (color information) on which wrong expectations are based .
He pointed out that “the import paths continue without stopping, therefore expectations regarding the general level of prices will stop at a stable point, and the commodity supply ways are now wide open, whether in terms of financing or in foreign currency fixed in its rates to finance foreign trade in various forms, so I think that the rise Prices will stabilize in the future, and will not remain as such ».
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