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[size=30]Parliamentary Legal: Commodity prices after decreasing the exchange rate are still higher than they were before the change
2023-02-27
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Yes Iraq: Baghdad
Today, Monday, the Parliamentary Legal Committee confirmed that commodity prices after reducing the price of the dollar are still higher than they were before reducing the official price, considering that the government’s measures have not succeeded so far in stabilizing the exchange rate of the dinar against the dollar and curbing prices in the markets.
A member of the Legal Committee, Raed al-Maliki, said in a statement to the official newspaper, which was followed by “Yass Iraq,” that the government’s measures have not yet succeeded in stabilizing the exchange rate of the dollar, despite setting the official price at 1130 dinars to the dollar, as the exchange rate still exceeds 150 thousand dinars for every 100 dinars. dollar.
He added that the prices of goods and services are still very high, and they exceed the prices that were when the dollar exchange rate was 0,146 dinars per dollar, as we view this matter as a criterion for the safety and effectiveness of the government's measures.
He pointed out that the committee will not wait long on this matter, as the government bears the difference in the price of the dollar between the official and parallel sale in the market.
Al-Maliki pointed out that the measures to arrest a person or speculator in the market will not suffice, because the country's foreign trade is large and depends on the dollar, so these steps so far are not sufficient or convincing.
For his part, the economist, Saleh Al-Hamashi, said: The problem of the currency market lies in the monetary policy followed by the Central Bank and the window for selling the currency, in addition to the absence of real and organized stock exchanges within the country, including Al-Kifah, Al-Harithiya, New Baghdad, Al-Kadhimiya and Al-Shorja.
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