The Prime Minister's Economic Advisor: The Fluctuation Of The Dollar Is Temporary And Is Not Based On Real Economic Data
Baratha News Agency168 2025-12-14 The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed on Sunday that the fluctuation of the dollar is temporary and is not based on real economic data.
Saleh told the official agency that "what happened in the parallel exchange market during the past few days is nothing more than an emergency and temporary fluctuation resulting from inaccurate information effects known in economic analysis as colored noise, which is distorted information that is mostly based on rumors, and leads to short-term speculation in the unregulated money market."
He added that "transitional periods usually witness such price movements, especially as the country continues in the post-legislative election phase, and in parallel with the implementation of the customs governance system and its digital procedures in accordance with international standards, including customs tracking systems and modern digital applications that enhance transparency and discipline in the commercial and financial environment together."
He explained that “the aforementioned fluctuation in the price of the dollar against the dinar in the parallel market has not left a substantial impact on the stability of the general price level, as monetary policy continues to achieve its operational and intermediate goals in stabilizing prices in general and maintaining the stability of the official exchange rate in particular, a path that is reflected in the decline of the annual inflation growth rate to normal fractional levels not exceeding 2.5% annually.”
He explained that "the policy of maintaining a stable exchange rate is an approved policy based on fundamental principles, foremost among them the efficiency of foreign reserves supporting the stability of the official exchange rate of 1320 dinars per dollar." https://burathanews.com/arabic/economic/468892
