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Economist: 25 trillion dinars is the cost of reducing the dollar exchange rate

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Economist: 25 trillion dinars is the cost of reducing the dollar exchange rate

Today 14:56
Information / Baghdad..

The economic expert, Nabil Al-Marsoumi, determined, on Wednesday, the financial cost of returning the dollar exchange rate to before 2020 levels.  Al-Marsoumi said in a post on his Facebook page that

"the annual financial cost of restoring the dinar exchange rate to what it was before amounts to about 25 trillion dinars." He added,

"The cost is renewable every year and is not a one-time cost."  

The exchange rate of the dollar against the dinar recorded a new decline, today, Tuesday, and reached 1460 per dollar, for the first time in months.

Conflicting news is currently circulating about the next government's intention to return the dollar exchange rate to the old levels

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