An economist rules out the government reconsidering the exchange rate.

Economic expert Nabil Al-Ali ruled out on Wednesday the possibility of the government reconsidering the exchange rate of the dollar or raising it to between 150,000 and 160,000 dinars per 100 dollars, as has been circulating in some media outlets. He emphasized that such a decision is extremely sensitive and carries significant economic and social repercussions, making it unlikely that the government would resort to it.

Al-Ali told the Information Agency, “Raising the exchange rate to those levels is highly improbable, given the widespread negative consequences it could cause.” He added that “resorting to it as a solution to the financial crisis would be a difficult option with uncertain outcomes.”

He added that “the talk circulating in some media outlets regarding raising the exchange rate may be politically motivated, aimed at confusing the public and creating a state of economic anxiety.” He explained that “the measures taken by the caretaker government, related to raising customs tariffs, will directly impact the prices of goods and commodities, as merchants will pass on the cost of these increases to the consumer.”

He clarified that the coming months may witness an escalation of problems related to rising prices, which may prompt the government to reconsider these tariffs and perhaps reach special exceptions, particularly in the pharmaceutical and food sectors.

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