Economist: The corruption of the currency auction is behind the failure to demand a decrease in the dollar exchange rate
Economist: The corruption of the currency auction is behind the failure to demand a decrease in the dollar exchange rate
Thursday 18 March 2021 | 10:36 a.m.
The economic expert, Ihssan Al-Kanani, said that corruption in the currency auction made politicians shirk their supervisory duties and throw the ball into the government’s court about controlling the exchange rate of the dollar against the Iraqi dinar .
Al-Kinani said that “most of the private banks are affiliated with political parties and parties that finance their projects in and outside Iraq, and attract money through the currency auction .”
He added that “the silence of the deputies about the demand to reduce the exchange rate of the dollar against the dinar, in order to preserve their earnings in the currency auction, which has become a window for financial corruption and serving the interests of the political class .”
He indicated that “most politicians and MPs have shirked their responsibilities regarding what the government is doing about the siege of the people after reducing the value of the dinar, and they emphasized that the issue of reducing or raising the price of the currency depends on the government only, at a time when Parliament has absolute power over the government to reject or accept any decision it takes.”
aynaliraqnews.com
