Economist: Political blocs and figures behind the rise in the dollar exchange rate
Economist: Political blocs and figures behind the rise in the dollar exchange rate
10-30-2024
Information/Baghdad…
Economic expert Qasim Balshan confirmed today, Wednesday, that influential political figures and blocs are behind the rise in the dollar exchange rate.
Balshan said in an interview with Al-Maalouma Agency, “The discrepancy in the dollar exchange rates is a door to corruption, given that there are private banks and companies that deal with the Central Bank of Iraq, and not everyone has the right to buy the currency auction.”
He added, “The state did not take any real, actual measures to protect the Iraqi dinar, and all that was circulated were media statements that have no benefit on the ground.”
He pointed out that “the smuggling of dollars abroad and the control of the US Federal Reserve, which imposed conditions on the use of the dollar in Iraq, made the exchange rates in contradiction.”
He continued: “If there is a real and actual diagnosis that the Central Bank or the governor is at fault in this matter, then he must be questioned,” indicating that there are “political figures and blocs involved in this process.”
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