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Found 1 result

  1. Sumaisem for the obelisk: The zeros have nothing to do with the value of the currency ... and one of the solutions to overcome the financial crisis is to reduce the price of the dinar against the dollar to obtain a larger amount of cash 13:58 10/20/2020 74 numbers of reading Baghdad / Obelisk: The economic expert, Salam Sumaisem, predicted, on Tuesday, October 20, 2020 the rise in the exchange rate of the US dollar against the Iraqi dinar as a result of the increase in demand for it, while she saw that the important aspect is .that people believe that zeros have a relationship to the currency, and the answer On this in the negative Sumaisem said to the obelisk: There was a project and I think it is still present at the government to reduce the price of the Iraqi dinar, the direction of the dollar to obtain a larger amount of cash, meaning that if one hundred dollars is equal to 120 thousand Iraqis, one hundred dollars equals 150 thousand Iraqi dinars, and this means an increase of 30 thousand dinars More Iraqis, at the value of one hundred dollars, but on the other hand, the real income value of the citizen will decrease, for a citizen whose .salary is 600 thousand dinars becomes as if its value is 400 thousand dinars, which means reducing incomes Sumaisem added: The other solution was to reduce it 30%, and we see that this solution has been achieved. When they give you the salary every 45 days instead of giving it every 30 days, it means reducing the salary by about 30% and this is a dangerous .thing, noting that all of this is solutions to get rid of the impasse in not providing Salaries Sumaisem believes that the reform memorandum, or the so-called white paper, includes an adjustment of the dollar’s value towards commodities. As the Finance Minister said, he wants to intervene and leave the auction to market power according to .supply and demand Sumaisem expects upcoming changes in the prices of the dinar and the dollar, and as you notice, the dollar price began to rise .while the incomes of citizens decreased in the face of this new wave of inflation .Sumaisem said that the rise in the dollar price will lead to an increase in food prices She added that "the increase in some materials is a result of citizens' fear of being cut off from the markets as a result of the ".financial crisis that the country is going through, or developments in the Corona virus and talk about re-imposing a curfew She indicated that "there is also an important issue that is directly related to the high price of materials, which is the high exchange rate of the US dollar against the Iraqi dinar, as the markets are witnessing a significant increase in the dollar exchange ".and it is expected to rise more than the current price She attributed this to "citizens’ fear of the depreciation of the Iraqi dinar, so they resorted to increasing students to the dollar because it is more secure than the dinar, and storing the dollar and increasing the demand for it, will lead to an increase in the prices of materials because it is most likely that these materials are imported and residing in the US dollar, which will be reflected " .negatively. " The ultimate consumer, the citizen
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