Can the dollar exchange rate return to the previous one in the near future?


  •  Time: 11/27/2021 08:39:34 
  •  Reading: 2,392 times 
Can the dollar exchange rate return to the previous one in the near future?

{Economist: Al-Furat News} The economic expert, Basem Jamil Antoine, answered the question that is frequently asked in the Iraqi street about the return of the dollar’s price to the previous or changing it, in light of the high prices of goods, especially imported ones. 

Antoine said in a statement to {Euphrates News}, that “what the white paper presented regarding the economic reality and changing the dollar exchange rate, which began to be implemented a whole year ago, cannot be modified or manipulated during the coming periods.”

He added, “The success of dealing with the exchange rate change in some countries, such as Turkey and others, is that they followed the policy of floating the lira, but Iraq at the present time cannot do this.”

He justified the reason, “because his wealth is in the hands of the government, unlike other countries where the economy is dominated by the private sector.”

https://alforatnews.iq/news/%D9%87%D9%84-%D9%8A%D9%85%D9%83%D9%86-%D8%B9%D9%88%D8%AF%D8%A9-%D8%B3%D8%B9%D8%B1-%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A7%D9%84%D9%89-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D9%82-%D9%81%D9%8A-%D8%A7%D9%84%D9%88%D9%82%D8%AA-%D8%A7%D9%84%D9%82%D8%B1%D9%8A%D8%A8%D8%9F

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