The Parliamentary Economic and Investment Committee confirmed, on Friday, that the treatment of the exchange rate hike needs time.
A member of the committee, MP Salem Al-Tufayli, said in a press statement that "the real treatments for the exchange rate increase need time to stabilize the market."
He added that "many MPs demanded a reduction in the price of the dollar not at the previous rate, but rather gradually so that the citizen would not be affected economically," noting that "the citizen with limited income and the poor was affected by the change of the exchange rate."
He pointed out that "the budget supported the private sector and large projects in order to attract part of the workforce so that there would be a work movement, and that his committee presented a program and recommendations to the Prime Minister that included supporting the private, agricultural and industrial sector," explaining that "Iraq has all the infrastructure to improve the agricultural and industrial reality." But it needs fair and efficient hands.
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