Diaa Al-Mohsen, an expert in economics, predicted today, Thursday, that the black market’s dollar exchange rate would not rise above 1,500 dinars, accusing political parties of controlling the sale of the dollar and working with the monetary authority.
Al-Mohsen told, “Confining the offer of dollars to voyagers to specific trade organizations affirms that these organizations are partnered with enormous political coalitions and advantage from the most common way of trading dollars, and they are planned to get the biggest portion of unfamiliar money deals.”
He went on to say, “The Central Bank and the executive authority are fully aware of the political parties that control the country’s dollar sales operations after they were restricted to certain companies.”
“The dollar exchange rate will not reach high levels,” he said, “especially since there is cooperation between the monetary authority and those who sell the dollar on the black market, such that this cooperation ensures that the parallel exchange rate does not rise to more than 1,500 dinars per dollar.” He said that the parallel exchange rate would not rise to more than 1,500 dinars per dollar.
