Parliamentary Economy: Influential parties are behind the manipulation of the dollar exchange rate

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Parliamentary Economy: Influential parties are behind the manipulation of the dollar exchange rate

The Parliamentary Economics Committee accused influential parties of manipulating the dollar exchange rate against the dinar. The committee indicated that government measures to reduce the dollar price had limited impact.

Committee member Soran Omar stated that the government needs complete control over the exchange rate, and the measures taken to reduce it have had limited impact due to ongoing smuggling and money laundering through certain banks and money exchangers. Although the Central Bank continues to take measures, the market exchange rate remains high and sometimes differs by as much as 25,000 dinars from the official rate.

Omar has warned that some corrupt individuals are profiting from the recent increase in exchange rates. He claims that certain officials are manipulating the black market and calling for radical measures to be taken to establish a fair price. Omar believes that the negative impact on the economy is dangerous and could lead to undesirable consequences.

According to him, the authorities responsible for exchange rates have accused merchants of contributing to the increase in rates. This is due to their reluctance to use the Central Bank’s platform for purchasing dollars. Additionally, there have been complaints from commercial circles about the obstacles and restrictions imposed by the Central Bank, which have complicated the process of dealing with the platform.