Returning the Iraqi dinar exchange rate to the previous rate is an economic disaster and a strategic economic mistake WOTS WED OCT 26 22
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\nDuring the past week, rumors spread widely in the foreign exchange market, promoted by speculators and some politicians who are not specialized in the economy for narrow purposes and interests, taking advantage of the negotiations to form the new government and tickling the feelings of the public with low incomes.
\nThose who suffered from high prices for foodstuffs and other basic materials and high rates of inflation. Therefore, we noticed that the currency market was affected by rumors, which led to a slight and temporary rise in the dinar, which was maintaining its stability at the level of the announced price and the target of the Central Bank for several months.
\nThe important thing here is whether there is a higher economic interest in changing the exchange rate and returning it to its previous rate, and what are the benefits and damages in the event of the change. Will the citizens who were affected by the price hike benefit and was the exchange rate change the main reason for the suffering of citizens with low incomes
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