Economist: Sudanese guidance to reduce the exchange rate of the dollar will end the crisis
Economist: Sudanese guidance to reduce the exchange rate of the dollar will end the crisis
2-7-2023
Information / Baghdad..
Financial expert Diaa Mohsen confirmed, on Tuesday, the direct impact of the reduction in the price of the dollar within the budget on the Iraqi market, indicating that the Central Bank is the one who will officially adopt the decision to reduce it.
Mohsen said in a statement to Al-Maalouma, “The government measures that I took after the shock that exposed the Iraqi dinar after the rise in the exchange rate for the US dollar as a result of the instructions and controls imposed by the US Federal Reserve led to positive results.”
He added that “the recent directive given by Prime Minister Muhammad Al-Sudani recommended to the Ministry of Finance to return the figures in the budget and adopt them at an exchange rate of 135 per dollar, which is one of the most important new measures for the government, as adopting this price will have a significant impact on the market through the return of prices to their previous ones, “noting that” the central bank is part of the government and therefore The central bank will adopt the sale of the dollar at the new price.
And the representative of the State of Law coalition, Alia Nassif, confirmed in a televised interview yesterday, Monday, followed by / information /, that the budget for the current year will adopt the exchange rate of the dollar at 135 per US dollar.
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