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 Experts set a possible date to restore the price of the dollar to its previous position

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The economic and oil expert, Alaa Al-Fahd, confirmed, on Monday, that the rise in oil prices is just fluctuations and cannot be relied upon in drawing up an economic policy at the present time, ruling out the government's lowering of the exchange rate this year.

Al-Fahd said in a statement to NRT Arabia (September 27, 2021), that "the exit from the Corona pandemic led to an increase in demand, and it is temporary."

He added, "He ruled out that the government would reduce the exchange rate of the dollar against the dinar during this year," noting that "if the demand for oil continues to increase and an abundance of financial reserves is achieved, the government can reduce the price of the dollar in the 2022 budget."

Al-Fahd explained, "Determining the price of the dollar is the responsibility of the government, and it stems from a monetary and financial policy," noting that "the government was supposed to go parallel to raising the price of the dollar by increasing its imports from tax collection, but this process did not happen because of corruption."

He pointed out that "the increase in the price of the dollar was aimed at filling the budget deficit, which amounted to 25 trillion dinars, despite the increase in the state's financial imports due to the rise in oil prices, but the central bank did not take advantage of this opportunity, but on the contrary, there has been an increase in hard currency sales, and this is a big mistake