10:18 - 2022-10-23
A member of the State of Law coalition, Rasoul Radi, confirmed that there is no movement towards decreasing the dollar exchange rate at the present time. Representative Rasoul Radi said that the Prime Minister-designate, Muhammad Shiaa Al-Sudani, put forward twenty-three points in his government program and did not include reducing the exchange rate of the dollar against the dinar, but included economic aspects related to unemployment, providing job opportunities, investment and reconstruction, and completing stalled projects and investment agreements with abroad. Reducing the value of the dollar needs a careful review of the economic aspect, because the reduction has a significant impact, unless it is done gradually, especially since many economic agreements are based on the current figures of the exchange rate. The rise in the exchange rate of the dollar during the current period, and therefore there are future treatments for the rise in the exchange rate, without resorting to the option of devaluation at the present time as it confuses the movement of the markets.
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