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[size=36]Deputy: High oil prices removed the reasons for changing the dollar’s exchange[/size]
Political| 08:52 - 04/01/2021
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Baghdad - Mawazine News
, the deputy from Basra Governorate, Amer Al-Fayez, confirmed, Thursday, that the high oil prices and their recovery have removed the government's reasons for changing the exchange rate of the dollar against the Iraqi dinar.
Al-Fayez said in a television interview, "The government does not have a justification for the dollar’s exchange rate remaining high against the Iraqi dinar after the recovery of oil prices over the past few days," noting that "the high oil prices have removed all the reasons that the government relies on to change the dollar's exchange rate."
He added that "the purchasing power in the local markets has weakened as a result of the raising of the dollar," indicating that "the process of raising the dollar has greatly hurt those with limited income, and the government must deal with this matter quickly."
, the deputy from Basra Governorate, Amer Al-Fayez, confirmed, Thursday, that the high oil prices and their recovery have removed the government's reasons for changing the exchange rate of the dollar against the Iraqi dinar.
Al-Fayez said in a television interview, "The government does not have a justification for the dollar’s exchange rate remaining high against the Iraqi dinar after the recovery of oil prices over the past few days," noting that "the high oil prices have removed all the reasons that the government relies on to change the dollar's exchange rate."
He added that "the purchasing power in the local markets has weakened as a result of the raising of the dollar," indicating that "the process of raising the dollar has greatly hurt those with limited income, and the government must deal with this matter quickly."
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