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Economist: The Ministry of Commerce did not provide a suitable platform to reduce the exchange rate of the dollar
economic Last update 06/29/2022 | 8:56 am
Information / Baghdad...
The economic expert, Dr. Mustafa Akram Hantoush, stressed that
the current situation does not allow to re-reduce the exchange rate of the dollar and return it to its previous era,
pointing out that the Ministry of Trade and because of corruption does not have the ingredients to re-lower the exchange rate and address the consequences of that.
Hantoush told "The Information",
"It is impossible to restore the dollar exchange rate to its previous position,
especially since Iraq does not have
"the central markets and the corruption of the Ministry of Commerce will divert these markets for investment and sale and put bribery in the pockets of officials of the Ministry of Commerce,
in addition to the fact that the government's merchants circle is present in other countries,
while there is no such episode in Iraq, especially since the government is working against the merchant." And he indicated that
"returning the exchange rate needs an effective Ministry of Trade to deliver the citizen to the new rate,
but under the current ministry, corruption dominates the scene and the money goes into the pockets of merchants and spoilers." finished 25
Economist: The Ministry of Commerce did not provide a suitable platform to reduce the exchange rate of the dollar
economic Last update 06/29/2022 | 8:56 am
Information / Baghdad...
The economic expert, Dr. Mustafa Akram Hantoush, stressed that
the current situation does not allow to re-reduce the exchange rate of the dollar and return it to its previous era,
pointing out that the Ministry of Trade and because of corruption does not have the ingredients to re-lower the exchange rate and address the consequences of that.
Hantoush told "The Information",
"It is impossible to restore the dollar exchange rate to its previous position,
especially since Iraq does not have
- a Ministry of Trade that has central markets,
an effective strategic storage and
a large dealership circle, so that it addresses the consequences of changing the exchange rate in a way that does not cause any harm to the citizen
"the central markets and the corruption of the Ministry of Commerce will divert these markets for investment and sale and put bribery in the pockets of officials of the Ministry of Commerce,
in addition to the fact that the government's merchants circle is present in other countries,
while there is no such episode in Iraq, especially since the government is working against the merchant." And he indicated that
"returning the exchange rate needs an effective Ministry of Trade to deliver the citizen to the new rate,
but under the current ministry, corruption dominates the scene and the money goes into the pockets of merchants and spoilers." finished 25
