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Blessing or curse? .. An expert explains the possibility of reducing the dollar and its repercussions on the internal debt
874 Economy 2022/10/26 14:44
Baghdad today- Baghdad
The economist Nasser Al -Kinani, today, Wednesday, explained the economic repercussions in the event that a decision was taken to return the dollar to its previous price against the dinar. Al -Kanani told (Baghdad today),
"Returning the price of the dollar against the dinar at the present time will cause major economic problems that are not in the interest of the country." He added,
"It is difficult to return the exchange rate due to the
this will result in major problems." Al -Kinani continued,
"The Iraqi market has settled on the current exchange rate," noting that
"any change will cause confusion in the market and
prices have come back, as
the poor class at the present time is not largely affected by raising the price of the dollar, as the
prices are stable, especially agricultural crops".
Blessing or curse? .. An expert explains the possibility of reducing the dollar and its repercussions on the internal debt
874 Economy 2022/10/26 14:44
Baghdad today- Baghdad
The economist Nasser Al -Kinani, today, Wednesday, explained the economic repercussions in the event that a decision was taken to return the dollar to its previous price against the dinar. Al -Kanani told (Baghdad today),
"Returning the price of the dollar against the dinar at the present time will cause major economic problems that are not in the interest of the country." He added,
"It is difficult to return the exchange rate due to the
- state's obligations and debts of the private sector and the public sector, as well as
computational transactions between the state departments as well as
debts between people, as
this will result in major problems." Al -Kinani continued,
"The Iraqi market has settled on the current exchange rate," noting that
"any change will cause confusion in the market and
prices have come back, as
the poor class at the present time is not largely affected by raising the price of the dollar, as the
prices are stable, especially agricultural crops".
