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Alternative options for Sudanese after ruling out the idea of changing the dollar rate
3,394 economy 2022/11/03 18:17
Baghdad today-Baghdad
Economist Abdul Rahman al-Mashhadani reviewed, on Thursday,
3 alternative options for changing the dollar exchange rate and returning it to the previous price, because of its significant negative effects on the economy.
Al-Mashhadani told Baghdad today that "a decision to restore the dollar rate will cause major economic problems,
so the government has no options but to
"Citizens should also be supported with food baskets,
as these measures will mitigate the effects of the exchange rate hike on the poor classes," he added, noting that
"the previous government did not take these measures under the pretext of lack of budget and lack of political agreements, while it achieved economic gains at the expense of social gains.
The Sudanese Prime Minister Mohammed Shiaa has stressed that the change of the dollar exchange rate depends on what the central bank deems according to its powers only,
stressing the government's commitment to the central bank's vision towards this file.
The central bank has confirmed on more than one occasion that it does not intend to change the dollar exchange rate against the dinar or return it to its previous price,
stressing that it will cause major economic problems and reduce confidence in the Iraqi banking system.
Alternative options for Sudanese after ruling out the idea of changing the dollar rate
3,394 economy 2022/11/03 18:17
Baghdad today-Baghdad
Economist Abdul Rahman al-Mashhadani reviewed, on Thursday,
3 alternative options for changing the dollar exchange rate and returning it to the previous price, because of its significant negative effects on the economy.
Al-Mashhadani told Baghdad today that "a decision to restore the dollar rate will cause major economic problems,
so the government has no options but to
- allocate part of the budget funds for the purpose of increasing the number of people covered by social welfare and
increasing their salaries
"Citizens should also be supported with food baskets,
as these measures will mitigate the effects of the exchange rate hike on the poor classes," he added, noting that
"the previous government did not take these measures under the pretext of lack of budget and lack of political agreements, while it achieved economic gains at the expense of social gains.
The Sudanese Prime Minister Mohammed Shiaa has stressed that the change of the dollar exchange rate depends on what the central bank deems according to its powers only,
stressing the government's commitment to the central bank's vision towards this file.
The central bank has confirmed on more than one occasion that it does not intend to change the dollar exchange rate against the dinar or return it to its previous price,
stressing that it will cause major economic problems and reduce confidence in the Iraqi banking system.
