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2022-02-22 06:40
"Speculators have made great profits" .. a government official reveals the scenes of reducing the price of the dollar
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2022-02-22 06:40
Shafaq News/ Today, Monday, an official government source considered the exchange rates of the US dollar to have been trading "lowly" during the past two days as "a game for speculators and currency traders."
The source told Shafaq News Agency, "The trading of dollar prices in a low yesterday and yesterday was a game by currency speculators in order to achieve great profits after they brought them to 142 thousand dinars for 100 dollars."
He added that "speculators bought the dollar continuously after they tried to prove the validity of the circulating rumors, which indicate the government's intention to reduce the exchange rate of the dollar, which led to the citizens selling what they saved from the dollar for fear of a further decline in the dollar price."
He pointed out that "the Central Bank, through the statement in which it confirmed that there is no intention to change the dollar exchange rate, led to the return of exchange rates from what they were previously, and thus traders and speculators achieved great profits."
The dollar exchange rates witnessed a significant and continuous decline during yesterday, Sunday, after rumors aroused the government's intention to reduce the exchange rates of the dollar to reach 142 thousand dinars against 100 dollars.
And yesterday, Sunday, the Central Bank of Iraq revealed that there are no intentions to change the current exchange rate of the dollar against the Iraqi dinar, and called on the Iraqi public not to deal with news that indicates the possibility of changing the price.
The dollar exchange rates (Saturday and Sunday) witnessed a continuous decline amid political statements calling for a reduction in dollar prices with the improvement and rise in oil prices, and the owners of exchange offices worked hard in selling the dollar and the lack of clarity about the government's direction to reduce the dollar price or not.
And on Saturday, the Iraqi Council of Representatives held a meeting headed by Hakim Al-Zamili, the First Vice-President of the Council, to discuss the reality of the dollar exchange rate against the local currency.
The Governor of the Central Bank, Mustafa Ghaleb Mokhif, his deputy and a number of officials in the bank attended the meeting, while Finance Minister Ali Allawi and his ministry boycotted the meeting.
In his speech during the start of the meeting, Al-Zamili promised the Minister of Finance to question him under the dome of Parliament, and to issue a decision banning him from traveling outside Iraq.
It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.
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The source told Shafaq News Agency, "The trading of dollar prices in a low yesterday and yesterday was a game by currency speculators in order to achieve great profits after they brought them to 142 thousand dinars for 100 dollars."
He added that "speculators bought the dollar continuously after they tried to prove the validity of the circulating rumors, which indicate the government's intention to reduce the exchange rate of the dollar, which led to the citizens selling what they saved from the dollar for fear of a further decline in the dollar price."
He pointed out that "the Central Bank, through the statement in which it confirmed that there is no intention to change the dollar exchange rate, led to the return of exchange rates from what they were previously, and thus traders and speculators achieved great profits."
The dollar exchange rates witnessed a significant and continuous decline during yesterday, Sunday, after rumors aroused the government's intention to reduce the exchange rates of the dollar to reach 142 thousand dinars against 100 dollars.
And yesterday, Sunday, the Central Bank of Iraq revealed that there are no intentions to change the current exchange rate of the dollar against the Iraqi dinar, and called on the Iraqi public not to deal with news that indicates the possibility of changing the price.
The dollar exchange rates (Saturday and Sunday) witnessed a continuous decline amid political statements calling for a reduction in dollar prices with the improvement and rise in oil prices, and the owners of exchange offices worked hard in selling the dollar and the lack of clarity about the government's direction to reduce the dollar price or not.
And on Saturday, the Iraqi Council of Representatives held a meeting headed by Hakim Al-Zamili, the First Vice-President of the Council, to discuss the reality of the dollar exchange rate against the local currency.
The Governor of the Central Bank, Mustafa Ghaleb Mokhif, his deputy and a number of officials in the bank attended the meeting, while Finance Minister Ali Allawi and his ministry boycotted the meeting.
In his speech during the start of the meeting, Al-Zamili promised the Minister of Finance to question him under the dome of Parliament, and to issue a decision banning him from traveling outside Iraq.
It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.
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