Economist: The Monetary Reserve Achieved By The Central Bank Should Be Faced With A Reduction In The Exchange Rate
Economist: The Monetary Reserve Achieved By The Central Bank Should Be Faced With A Reduction In The Exchange Rate
12/16/2021 – 9:49 AM
Economist Wissam Al-Tamimi Said Today, Thursday, That The Cash Reserve Achieved By The Central Bank Exceeded 64 Billion Dollars, Which Requires The Government To Reduce The Dollar Exchange Rate, A Year After The Decision To Raise It By 23 Percent.
Al-Tamimi Said, “The Central Bank’s Assurances To Achieve A Cash Reserve Of 64 Billion Dollars, Is Only A Message To The Government Regarding Issuing A Decision Either To Continue The Rise In The Exchange Rate Or To Reduce It.”
He Added, “There Are Many Question Marks On The Government, Especially Since There Is A Great Financial Abundance Achieved From Oil Revenues And The High Exchange Rate, At A Time When No Final Accounts Have Been Conducted So That Everyone Can Know The Recovered Or Realized Funds For The Current Year.”
Al-Tamimi Explained, “The Cash Reserve Achieved By The Central Bank Should Be Faced With A Decrease In The Exchange Rate In The Local Market, Especially Since Poverty Rates Have Risen According To The Statistics Of The Ministry Of Planning, Which Needs A Quick Treatment To Remedy What The Citizen May Resort To To Achieve A Living, Especially That The Total Prices The Purchasing Power Of The Citizen As Well As The Owners Of The Markets Has Increased And Decreased, And Therefore, Continuing With This Approach Will Lead The Country To A Dangerous Slide.”
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