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Showing results for tags 'economic expert rasem al-akidi'.
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The dollar exchange rate ... an expected date for a new high and two `` obstacles '' that prevent a return to the price of 1200 dinars 3,607 Economie 03/2021/11 21:01 Baghdad today - Baghdad Between broad hopes relying on parliamentary statements that it could be modified and reduced, and a reality that imposes itself day after day, economists confirm that changing the exchange rate of the dollar against the dinar, which is more than 1450 officially, and in the local market faces many obstacles. Economic expert Rasem Al-Akidi set, Thursday 3/11-2021, an expected date that may witness a new rise in the value of the dinar against the dollar. Al-Aqidi said in an interview with (Baghdad Today), "The markets are affected by rumors, news and statements related to the exchange rate of the US dollar against the Iraqi dinar, especially since some of them are issued by political blocs demanding the return of the exchange rate to its previous position on the assumption that the financial crisis that emerged months ago was due to The decline in selling oil prices, but the situation is different now with the rise in prices, meaning that there is no justification left. " Al-Aqidi added, "The change of the dollar’s exchange rate by the state and subjecting it to speculation through supply and demand came to add additional funds to the budget and stop the currency drain and its exit from the country because of the old exchange rate." He pointed out that "the news and statements, a large part of which are issued by political forces, have already pushed them to refrain from withdrawing the dollar and replacing it with the local currency. Many merchants and importers have also pushed for waiting and deliberation in import operations awaiting the settlement of the budget that has been postponed for months due to multiple obstacles, and this matter in its entirety created a recession In the Iraqi market, as well as the effects of the embargo and other things, all of which contributed to the doubling of the recession and the lack of economic activity. " He continued, "Adopting the budget will end the controversy, the markets will return to normal, and the dollar will start to rise because everyone will absorb the shock and the new conditions that will impose its decision on the markets." Economist: The conflicting positions and statements confused the market In turn, the economic expert, Abdul Rahman Al-Mashhadani, identified, today, Thursday, obstacles to returning to the old exchange rate or modification to the current exchange rate value, while he warned of a large APAC in the Iraqi market. The expert, Abdul Rahman Al-Mashhadani, said in an interview with (Baghdad Today) in response to the news about adjusting the new exchange rate or returning to the old rate, that “rumors that start causing confusion in the Iraqi market, even if they consist of demands from parliamentarians to return to the exchange rate. the old ". Al-Mashhadani added, "Iraqi merchants have refrained from importing because of objecting to the new price, as well as fear of the possibility of adjusting the price again," indicating that "it is not easy to return to the old price or to amend the new one, because this process will cause greater confusion in the Iraqi market and this." First obstacle. " The economist added, "The exchange rate adjustment has passed for more than 4 months, and the price has stabilized, and the process led to an increase in the value of the property and imported goods due to the high value of the dollar, and this is a second real obstacle." Representatives in Parliament and other officials are calling for a return to the exchange rate of the dollar against the Iraqi dinar to what it was before it was raised, or reduced to 1300 instead of the current price that was allocated in the draft Federal Budget Law for 2021. Experts in economics expect price stability in the Iraqi market permanently after the approval of the general budget for 2021.
