On Friday, Muhammad Al-Saadi, an expert in economic affairs, clarified that controlling the exchange rate of the dollar in the parallel market does not require arrests or forceful measures. Instead, it requires a technical solution that can strengthen the position of the dollar and support the dinar.
According to Al-Saadi, the government has taken the appropriate action by using legal prosecution against speculators. This is a necessary first step to resolve the disparities between the official and parallel markets for exchanging dollars.
He stated that technical and financial decisions must be made to increase the avenues for currency sales and enable citizens to make limited purchases by implementing restrictions or prerequisites.
He pointed out that citizens often suffer from exchange and high prices before merchants do. This is because merchants have started using the official platform to obtain dollars while citizens still struggle to get them. Some citizens even face difficulties buying cars in dollars. The government could help by opening a window to sell dollars to those who want to buy a car, as long as they provide an official purchase contract as proof of their intention.
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