Al-Darraji: The presence of two prices for the dollar portends a “dangerous” situation

Al-Darraji: The presence of two prices for the dollar portends a “dangerous” situation

1-14-2023

Al-Darraji - The presence of two prices for the dollar portends a dangerous situationInformation/Baghdad..
Former MP and Minister Muhammad Sahib al-Darraji warned, on Saturday, of a “dangerous situation” for the Iraqi economy due to the existence of two prices for the dollar.
Al-Darraji said in a tweet on Twitter, “The uncontrolled rise of the dollar must be confronted with measures at the level of controlling the exchange rate. And at the level of addressing the effects of the devaluation of the dinar on the vulnerable classes of society.”
He added, “The presence of two different prices for the dollar (official in the Central Bank and real in the commercial markets) portends a dangerous situation in the Iraqi economy.”
A member of the House of Representatives, Muhammad al-Ziyadi, called earlier on the Prime Minister, Muhammad Shia’ al-Sudani, to stand with the interest of the poor and find the necessary solutions to address the dollar price crisis, while stressing that the continued sale of oil in US dollars will not provide any result.

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