23:14 - 2022-12-26
Today, Monday, the Parliamentary Finance Committee warned of "economic stagnation" in Iraq due to the large rise in dollar exchange in the local market.
Committee member Jamal Cougar said in a press interview, "The continuation of the large rise in dollar exchange in the local market has great and dangerous repercussions on the Iraqi economic situation, especially since this rise will lead to stagnation of the economy due to the instability of the currency, and this will have an impact even on the issue of companies' work." foreigners in various fields of investment.
And Cougar stated, "The Parliamentary Finance Committee will work, during the next few days, to host the relevant executive authorities to discuss the repercussions of this large and continuous rise in the dollar exchange rate, and work to find real solutions to control this rise."
And the price of the dollar in the local markets and stock exchanges is accelerating towards 160,000 dinars for every 100 dollars, in a rapid development of the rise that the markets have been witnessing for days.
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