Former MP Yasser Hashem has criticized the government’s decision to raise the dollar exchange rate against the Iraqi dinar, warning that it could lead to more poverty, crime, and social problems across the country.
Speaking to dinaropinions.com, Hashem said the government had previously promised not to increase the dollar exchange rate, but many people expected the opposite to happen. He said those fears have now become reality.
He explained that the higher exchange rate is putting more pressure on ordinary citizens by increasing their daily living costs. He also warned that it is hurting the local economy, slowing down business activity, and damaging agriculture, the remaining industrial sector, and private electricity generators.
Hashem warned that the economic pressure could lead to more theft, divorce, poverty, and crime. He also said human trafficking and drug-related activities could increase as more people struggle to deal with the rising cost of living.