This is the controller.. Economist: Changing the dollar exchange rate is very possible
This is the controller.. Economist: Changing the dollar exchange rate is very possible
11-1-2022
Information / Baghdad..
The economic expert, Nabil Al-Marsoumi, confirmed, on Tuesday, that the possibility of changing the exchange rate of the dollar is a possibility, in light of the policy control of the wheel of the economy in Iraq.
Al-Marsoumi said in a Facebook post seen by “The Information” that “reducing the exchange rate of the dollar against the dinar is very possible for political reasons, to gain the approval of some people, or to fulfill previous promises.”
He added, that the decision to reduce may be taken “even if the decision has significant economic repercussions or costs.”
He pointed out that “it is difficult to expect the new price of the dollar even if the Ministry of Finance and the Central Bank denied the possibility of adjusting the exchange rate because politics in Iraq is leading the economy.” finished/25h
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