An official in the Central Bank: There is no return to the previous dollar price .. Any decision to reduce it means heading for an economic massacre
An official in the Central Bank: There is no return to the previous dollar price .. Any decision to reduce it means heading for an economic massacre
TUESDAY, MARCH 30-2021, PM 3:59
The Central Bank resolved the debate on the price of the dollar against the dinar and the process of reducing it, announcing that there is no return to the previous price, and the price will not be reduced under any circumstances, while confirming that there is, at the same time, no intention to raise the price from 145 thousand per 100 dollars.
The general manager of accounting at the bank, Ihssan Shamran, said in a press statement, “The current price of the dollar is very reasonable, and therefore the bank settled on it, and any decision to reduce it means that we will head towards an economic massacre.”
He called on the Central Bank to “end” what it called “the polemics and shouts calling for the return of the previous price,” indicating that “this matter is not based on any economic vision … despite the intentions of those who demand it,” according to “Baghdad Today”.
And he considered that “these statements contribute to the instability of the price, since the news and its differences contribute to a lack of confidence in the exchange market and its stability.”
Shamran, an advisor to the central bank governor, considered that “the process of raising the dollar against the dinar was long overdue because this matter contributed to protecting the domestic product, in addition to that the lifting process increased the financial costs of the exporting countries to Iraq by 22%, which contributes to increasing competition between the imported product.” And domestic product. ”
And Shamran said, “Even suspicions of money laundering also ended with the raising of the dollar, and this is one of the most important benefits that Iraq obtained as a result of the process of changing the exchange process.”
The Director General of Accounting at the Central Bank revealed that “the public finances obtained about 10 trillion dinars as a result of the process of raising the exchange rate of the dollar against the dinar. Consequently, that ministry is now supposed to allocate about 20 to 30 percent of the collected amount (10 trillion) for the purpose of distributing it to citizens who are among the The poverty line and today they went below this line, which amounted to about ten million citizens, as financial grants, and this is part of the central bank’s understandings with the ministry regarding the process of changing the currency exchange rate.
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