Today, Wednesday, economic expert Qasim Balshan confirmed that influential political groups and individuals are to blame for the rise in the dollar exchange rate.
“The discrepancy in the dollar exchange rates is a door to corruption, given that there are private banks and companies that deal with the Central Bank of Iraq, and not everyone has the right to buy the currency auction,” Balshan stated in an interview with dinaropinions.com.
“The state did not take any real, actual measures to protect the Iraqi dinar, and all that was circulated were media statements that have no benefit on the ground,” he continued.
He stated, “The smuggling of dollars abroad and the control of the US Federal Reserve, which imposed conditions on the use of the dollar in Iraq, made the exchange rates contradictory.”
He went on to say: According to the report, “political figures and blocs involved in this process” must be questioned “if there is a real and actual diagnosis that the Central Bank or the governor is at fault in this matter.”
