Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at

by **Rocky** Wed 07 Apr 2021, 3:43 pm

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Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at

by Rocky Wed 07 Apr 2021, 3:43 pm

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19:08 - 04/05/2021

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Information / Special ...

The economist, Hakim Al-Adly, said on Monday that the government's insistence on keeping the exchange rate at what it is in the budget at 1445 is illogical.

Al-Adly said, in a statement to the information agency, that “what the exchange rates have witnessed of high may push the Iraqi citizen to return to the days of selling window curtains and home doors in order to provide a livelihood for children in light of the exorbitant price that [You must be registered and logged in to see this link.] will accept. when the price of 100 dollars reached 150 thousand Iraqi Dinar".

He added, “The government's insistence is illogical about the dollar’s exchange rate remaining the same, and there is no justification for its survival, especially since the International Monetary Bank proposed to [You must be registered and logged in to see this link.] that the price of the dollar be at the limits of 1130 dinars and not as approved in the budget at 1445 ″.

He pointed out that "the coming days may witness a big jump in prices, and it is likely that they will increase when the budget reaches the Presidency of the Republic and is approved," indicating that "we will not be surprised if the dollar price reaches 1550 dinars, as it is a government desire to exhaust the citizen."

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