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- WED, 08-02-2023, PM 4:37
- KARRAR AL-ASADI
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Written by: Dr. Emad Abdel Latif Salem
The numbers are important, crucial, and "back-breaking" in the economy.
Numbers are not used in economics, as they are used in Snake and Draw.
The government of Mr. Al-Kazemi came and made one dollar equivalent to 1460 dinars.
And the government of Mr. Al-Sudani came and made one dollar equivalent to 1300 dinars.
No one told us why 1460 at the time, and no one told us why 1300 now.
No one can tell us why we haven't gone back to 1190, our old favorite "price".
Only the "decisions" that fall on us from the sky with parachutes do that.
Do not manipulate the exchange rate as you wish, and do not underestimate the dire consequences that may result from this.
Be a “state” and control the real causes and logical “preliminaries” of all this “chaos” in the economy, and do something about it, and do not chase (gasp) those logical “results” and the normal “phenomena” that follow from them and are attached to them.
If you are not able to defend the price of 1460 for the dollar against the dollar, and the price of the dollar in the market has become 1700 dinars for the dollar, how will you be able to defend the price of 1300 dinars against the dollar, and how much will be the difference in the market between the two prices?
If Mr. Al-Kazemi, and his Minister of Finance, Mr. Ali Abdel-Amir Allawi, justified raising the exchange rate of the dollar against the dinar to the deficit in financing the salaries of employees (and retirees and social welfare) at the time, then these “allocations” have now increased (based on the government program). Where will Mr. Al-Sudani and his Minister of Finance, Mrs. Taif Sami, come from, through which they can bridge the deficit between selling the Ministry of Finance the dollar to the Central Bank at a price of 1460 dinars, and selling it now at a price of 1300 dinars?
Last month, the payment of salaries was delayed by an average of 15 days after the scheduled date.. How long will the payment be delayed this month?
Do not manipulate the exchange rate.
It is the facts on the ground that control this, not the “decisions” that land on us with parachutes.
Finally, scientific, academic and professional "dignity" should not be contaminated by fraud and cheap hypocrisy.
Those who are concerned with this last sentence should respect themselves, and at least respect the “moment of reason” that is still in our heads.
I apologize to everyone for the naivety of the question and the stupidity of the questions.
Peace to Iraq and the Iraqis.
Peace.. security.. and love.
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