Saturday Catch-Up Can the dollar exchange rate return to the previous one in the near future?
- Author
- Tish Washington
- Published
- Sun 28 Nov 2021
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/Saturday-Catch-Up-Can-the-dollar-exchange-rate-return-to-the-previous-one-in-the-near-future-e1atufq
Saturday Catch-Up: Can the dollar exchange rate return to the previous one in the near future?
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Can the dollar exchange rate return to the previous one in the near future?
The economic expert, Basem Jamil Antoine, answered the question that is frequently asked in the Iraqi street about the return of the dollar’s price to the previous or changing it, in light of the high prices of goods, especially imported ones.
Antoine said in a statement to {Euphrates News}, that “what the white paper presented regarding the economic reality and changing the dollar exchange rate, which began to be implemented a whole year ago, cannot be modified or manipulated during the coming periods.”
He added, “The success of dealing with the exchange rate change in some countries, such as Turkey and others, is that they followed the policy of floating the lira, but Iraq at the present time cannot do this.”
