The exchange rate and change…
Aqeel Al-Ansari: Commercial markets are always looking for stability and do not like change, especially in the basics such as the exchange rate in a country that depends on imports for most of its goods.
Therefore, changing the exchange rate to any direction is a mistake that will lose the confidence of the citizen, the merchant, and the one who deals with the markets and in the local markets, and increases the chances of manipulating the prices of goods through monopoly operations.
As for the state of anticipation in the markets now, it is because of the large number of rumors, and the government, represented by the Ministry of Finance and the Central Bank, must take a firm stance towards those who spread these rumors, and they are only a group that benefits, either to collect electoral votes and tickle the feelings of the citizen, or speculators benefit from the price difference when they fall And go up to make a profit.
As for the increase in prices in the local market, it is due to the high prices globally and the costs of shipping and insurance, and what to change the exchange rate in Iraq to a small effect if we take the other factors.
There is now a surplus that the government has earned due to the change in the exchange rate and the rise in oil prices. This money should be directed to vulnerable groups and provide direct support to them through the establishment of sovereign investment funds that supervise and support the private sector and private start-up projects, as well as through programs to support the social welfare network for most groups need.