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[size=36]Economy Committee: The decision to open imports confirms that the justifications for raising the price of the dollar have disappeared[/size]
political| 02:45 - 08/22/2021
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Baghdad Mawazine News
The Parliamentary Economy Committee confirmed, on Sunday, that the decision of the Ministry of Agriculture to reopen imports confirms the disappearance of the justifications for raising the dollar exchange rate.
Committee member, Mazen Al-Faili, said in a press conference, "Time after time, the excuses for raising the dollar exchange rate are falling, as the rise in the price of oil in global markets contributed a lot to filling the budget deficit, and provided huge money to the country, and those funds were not reflected." In service projects or other needs of the citizen.
He continued: "The effect of raising the exchange rate greatly harmed the poor classes, as the prices of foodstuffs and vegetables rose to unreasonable prices, which led the Ministry of Agriculture to issue a decision to lift the ban on importing some types of vegetables and crops as a result of the outrageous rise in prices in the markets, which is This means that linking the increase to the exchange rate in order to support the local product was not a right decision, as prices for crops and commodities rose significantly.
Al-Faili added, "We believe that the decision to raise the uncalculated exchange rate has had counterproductive results and led to a state of economic chaos and did not achieve the set goals, so it did not reduce import from abroad, did not support the local product, and did not stop the leakage of hard currency outside the country. The central bank sells large quantities of dollars daily, close to and sometimes even more than the selling rate in the months preceding the decision to raise the exchange rate.
He concluded by saying: "Therefore, we confirm our previous demands to restore the dollar exchange rate to what it was and to stop the case of tampering with the Iraqi economy." Ended 29/A43
The Parliamentary Economy Committee confirmed, on Sunday, that the decision of the Ministry of Agriculture to reopen imports confirms the disappearance of the justifications for raising the dollar exchange rate.
Committee member, Mazen Al-Faili, said in a press conference, "Time after time, the excuses for raising the dollar exchange rate are falling, as the rise in the price of oil in global markets contributed a lot to filling the budget deficit, and provided huge money to the country, and those funds were not reflected." In service projects or other needs of the citizen.
He continued: "The effect of raising the exchange rate greatly harmed the poor classes, as the prices of foodstuffs and vegetables rose to unreasonable prices, which led the Ministry of Agriculture to issue a decision to lift the ban on importing some types of vegetables and crops as a result of the outrageous rise in prices in the markets, which is This means that linking the increase to the exchange rate in order to support the local product was not a right decision, as prices for crops and commodities rose significantly.
Al-Faili added, "We believe that the decision to raise the uncalculated exchange rate has had counterproductive results and led to a state of economic chaos and did not achieve the set goals, so it did not reduce import from abroad, did not support the local product, and did not stop the leakage of hard currency outside the country. The central bank sells large quantities of dollars daily, close to and sometimes even more than the selling rate in the months preceding the decision to raise the exchange rate.
He concluded by saying: "Therefore, we confirm our previous demands to restore the dollar exchange rate to what it was and to stop the case of tampering with the Iraqi economy." Ended 29/A43
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