5 hours ago
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A member of the Parliamentary Finance Committee attributed the continued rise in the dollar exchange rate in the “parallel” local markets to several reasons.
Ali Jabbar Moanes said in a press interview seen by “Takadam” that “the issue of high exchange rates reached its climax at the beginning of this year, and what happened in terms of a gradual decline in prices was after the decisions of the Central Bank and the government to reduce exchange rates.”
He added, "The reasons behind the current rise are due to the commitments of merchants and banking transactions, which constitute a great loss if the official price is relied upon."
Moanes explained that "there is stability in the exchange rates at 146,000 thousand dinars per hundred dollars, in commercial transactions, and that the main reason for the difference in prices is because of supply and demand and commercial dealings that do not allow prices to go down to the figure specified by the government."
Moanes called on “the government to seek solutions and find alternatives in controlling exchange rates, which have not been controlled.”
It is noteworthy that the local markets are witnessing a rise in the exchange rate of the dollar, as it sometimes reaches 1490 dinars per dollar, while the official price set by the state is 132 thousand dinars.
And the reason for the rise in the dollar on local prices and sales, which caused a state of increasing stagnation with the lack of construction and the scarcity of investment projects that stopped years ago, in the hope that they will be initiated after the approval of the budget law that Parliament voted on on the 12th of last June.
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