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[size=36]Economic Committee: The decisions to open imports confirm the error of the decision to raise the price of the dollar[/size]
Economie| 01:50 - 07/04/2021
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BAGHDAD - Mawazine News
The Parliamentary Economy and Investment Committee promised, on Wednesday, that the National Security Council issued a decision to open the import of tomatoes and poultry products to fill the shortfall in local production, confirming that the decision to raise the price of the dollar was hasty.
A member of the committee, Mazen Al-Faily said: “This is what we previously warned against and indicated that the exchange rate decision is not for the sake of supporting the national industry and favoring competition between the national product and the imported product in favor of the national product. This means the high value of its import on the consumer due to the high exchange rate of the dollar, so how about the rest of the industries that depend on raw materials and production lines that are imported from outside Iraq.
Al-Faily added: "Less than a week after the parliament voted to fix the exchange rate (1450) dinars per dollar, the mistakes of this decision and its direct harm to citizens, whether they were workers in the agricultural and industrial sector or they were consumers, became apparent, which clearly demonstrates what we stated three years ago. Months of the dollar exchange rate decision was ill-considered and hasty and did not provide the introductions and requirements for revitalizing the industrial sector and increasing the chances of competing the national product with the importer. "
And he added: "Knowing that one of the clearest ways to support the local product is to stop the foreign importer who is similar to it and not to open the doors of the outlets in front of importing the foreign product."
He continued: "For all the above, we demand the government to quickly reverse this wrong decision and return the dollar exchange rate to what it was previously in order to spare the citizens more suffering and economic distress that will negatively affect the country's political and economic stability, with an emphasis on the need to monitor the currency auction and adopt mechanisms and procedures." Control blocks the path of parasitic banks that in their previous history have been unable to deplete hard currency without presenting any significant economic or development activity. "Ended 29 / A 43
The Parliamentary Economy and Investment Committee promised, on Wednesday, that the National Security Council issued a decision to open the import of tomatoes and poultry products to fill the shortfall in local production, confirming that the decision to raise the price of the dollar was hasty.
A member of the committee, Mazen Al-Faily said: “This is what we previously warned against and indicated that the exchange rate decision is not for the sake of supporting the national industry and favoring competition between the national product and the imported product in favor of the national product. This means the high value of its import on the consumer due to the high exchange rate of the dollar, so how about the rest of the industries that depend on raw materials and production lines that are imported from outside Iraq.
Al-Faily added: "Less than a week after the parliament voted to fix the exchange rate (1450) dinars per dollar, the mistakes of this decision and its direct harm to citizens, whether they were workers in the agricultural and industrial sector or they were consumers, became apparent, which clearly demonstrates what we stated three years ago. Months of the dollar exchange rate decision was ill-considered and hasty and did not provide the introductions and requirements for revitalizing the industrial sector and increasing the chances of competing the national product with the importer. "
And he added: "Knowing that one of the clearest ways to support the local product is to stop the foreign importer who is similar to it and not to open the doors of the outlets in front of importing the foreign product."
He continued: "For all the above, we demand the government to quickly reverse this wrong decision and return the dollar exchange rate to what it was previously in order to spare the citizens more suffering and economic distress that will negatively affect the country's political and economic stability, with an emphasis on the need to monitor the currency auction and adopt mechanisms and procedures." Control blocks the path of parasitic banks that in their previous history have been unable to deplete hard currency without presenting any significant economic or development activity. "Ended 29 / A 43
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