Al-Jubouri: The government has a set of options to rectify US policy and control the dollar
Al-Jubouri: The government has a set of options to rectify US policy and control the dollar
12-30-2022
Information / special.
The head of the Al-Rafd Center for Strategic Studies, Abbas Al-Jubouri, confirmed on Friday that the government has many options that can reduce the exchange rate of the dollar and rectify US policies seeking to reduce the value of the dinar.
Al-Jubouri told Al-Maalouma, that “America has practiced policies that would raise the exchange rate of the dollar in the local markets, with the help of some parties supporting its policies inside Iraq.”
He added, “There is a possibility to ensure a reduction in the exchange rate by disbursing some social protection salaries in foreign currency, especially since the salaries of this segment may not exceed $200 per person, and the process is repeated with retirees in the next month, as such a proposal was submitted to Prime Minister Muhammad Shia’ al-Sudani from through the center so as to reduce the demand for this currency by speculators.
And he indicated that “the outlets for selling the currency belong mostly to political parties, and despite the American policies, these parties are working to raise the exchange rate, while the government can control the price by tightening its control over the outlets for selling the currency.”
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