Changing the price of the dollar .. a government desire to walk in it and a parliamentary movement to return it to its previous era
Mawazine News – More than a year has passed since the Iraqi government decided to change the exchange rate to 1445 dinars against the dollar, but the rise in dollar prices and the recovery of the state treasury prompted several political blocs to move to restore it to its previous era before raising its value estimated at 1190 dinars.
Despite the words of Finance Minister Ali Allawi, that “the decision to raise the value of the dollar contributed to stopping the layoffs and increasing the reserves of the Central Bank,” but the economist Rashid Al-Saadi considered, “The process of changing the dollar exchange rate was catastrophic for the economy, and there are a number of solutions to realize it.”
Al-Saadi added in an interview with “Mawazine News” that “the state had to resort to other methods to compensate for the lack of treasury resources, such as controlling the resources coming from the border outlets, including the region, and oil resources exported from the region, and depositing revenues of 260,000 barrels to the SOMO Company on a daily basis. Investing in operating idle projects and mobile phone companies that drain large sums of money from citizens, in addition to transportation projects in general.
He points out, “Our demands are many to reconsider the dollar exchange rate, but the state is not serious in this regard, and because its impact was on the fragile middle and poor classes, it will not cause any shock to the market if the exchange rate is restored to its previous value.”
The statements of the political blocs were renewed regarding changing the exchange rate to its previous era. The representative of the extension bloc, Alaa Al-Rikabi, spoke about efforts to restore the old exchange rate.
Al-Rikabi says, “Our first and last goal is to serve the citizens, and one of our priorities that we will work on is to restore the exchange rate of the dollar to its predecessor.”
For his part, the representative of the coordination framework, Muhammad al-Qadri, said, “The coordination framework, through its presence in the Iraqi parliament, will work to restore the exchange rate of the dollar to its previous price, especially since this is the most prominent popular demand, as raising this price negatively affected the citizens and contributed to Paragraph Ratio.
He affirms, “The current parliament is able to return the dollar exchange rate to its previous rate, and the coordination framework will work to pressure the competent authorities to return it, and this work will be one of our priorities.”