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[size=35][size=35]Economist: The rise in dollar prices is temporary, and this is the fate of the "fragile classes"[/size]
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2022-12-27 | 02:06
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"The current rise in the exchange rate of the dollar against the dinar is a temporary rise, no matter how long it lasts," Al-Marsoumi said in a post, followed by Alsumaria News.
He continued, "But the problem is that commodity prices have risen as a result of the rise in the dollar's exchange rate, and when the dollar returns to its previous level, commodity prices will not return to what they were before the dollar's rise."
Al-Marsoumi added, "Because the prices of commodities are flexible in going up and inflexible in going down, which will harm those with fixed incomes and the public of the poor."
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Economie
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2022-12-27 | 02:06
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1,989 views
Economic expert Nabil Al-Marsoumi said today, Tuesday, that the rise in the exchange rate of the dollar is "temporary", but that the rise in prices as a result of its rise is inflexible in its descent, which will harm those with fixed incomes and the poor.
"The current rise in the exchange rate of the dollar against the dinar is a temporary rise, no matter how long it lasts," Al-Marsoumi said in a post, followed by Alsumaria News.
He continued, "But the problem is that commodity prices have risen as a result of the rise in the dollar's exchange rate, and when the dollar returns to its previous level, commodity prices will not return to what they were before the dollar's rise."
Al-Marsoumi added, "Because the prices of commodities are flexible in going up and inflexible in going down, which will harm those with fixed incomes and the public of the poor."
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