An economist acknowledges the difficulty of re-exchange of the dollar to the previous rate
{Economic: Al Furat News} The economic expert, Salah Nuri, acknowledged today, Thursday, the difficulty of re-exchange of the dollar to the previous rate.
Nuri said, via Al Furat News: “It is not possible to restore the dollar’s exchange rate to its previous era as a result of the international factor causing the rise in the prices of basic foodstuffs globally.”
“Even that this factor is considered a strong determinant of decreasing the dollar exchange rate, in addition to other local factors,” Nouri said.
While the economic expert ruled out that “the exchange rate will be considered or reduced again.”
It is noteworthy that the Ministry of Finance responded to news of its discussion of re-lowering the dollar exchange rate against the dinar.
The Undersecretary of the Ministry of Finance, Taif Sami, said in a press statement: “There are no discussions to reduce the price of the dollar to 120,000 dinars within the 2022 budget.”
On April 4, the Federal Supreme Court rejected the case for re-exchange of the US dollar in relation to the Iraqi dinar to its predecessor, at the amount of (120,000) Iraqi dinars for every 100 US dollars.