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An economist who shows the negative effects by returning the exchange rate to its previous value
economic Last update 02/21/2022 | 9:55 am
Information / Baghdad.
On Monday, the economic expert, Nabil Al-Ali,
warned those concerned against taking a decision to return the exchange rate to its previous value immediately, indicating that
the decision would lead to a deterioration in market prices.
And Dhal Al-Ali told Al-Maalouma that “the
reduction process should be gradual, with the
activation of reform measures in the field of supporting the ration card,
controlling borders, and
activating the industrial and agricultural sectors.”
He added that "a decision to return the value of the dollar exchange rate to its previous value will lead to negative effects, including
creating problems in the market between the creditor and debtor, as well as the
government will bear financial losses as a result of financial and commercial transactions contracts."
He pointed out that "the next government should work according to
a flexible economic policy and
work on the gradual reduction of the exchange rate,
while activating reform measures in the field of
supporting the ration card,
controlling borders, and
activating the industrial and agricultural sectors
by exploiting the financial abundance of the Central Bank due to the rise in oil prices during the current and last year.". Ended / 25 AD
An economist who shows the negative effects by returning the exchange rate to its previous value
economic Last update 02/21/2022 | 9:55 am
Information / Baghdad.
On Monday, the economic expert, Nabil Al-Ali,
warned those concerned against taking a decision to return the exchange rate to its previous value immediately, indicating that
the decision would lead to a deterioration in market prices.
And Dhal Al-Ali told Al-Maalouma that “the
reduction process should be gradual, with the
activation of reform measures in the field of supporting the ration card,
controlling borders, and
activating the industrial and agricultural sectors.”
He added that "a decision to return the value of the dollar exchange rate to its previous value will lead to negative effects, including
creating problems in the market between the creditor and debtor, as well as the
government will bear financial losses as a result of financial and commercial transactions contracts."
He pointed out that "the next government should work according to
a flexible economic policy and
work on the gradual reduction of the exchange rate,
while activating reform measures in the field of
supporting the ration card,
controlling borders, and
activating the industrial and agricultural sectors
by exploiting the financial abundance of the Central Bank due to the rise in oil prices during the current and last year.". Ended / 25 AD
