[ad_1]
In this context, the head of the Food Importers Union, Hani Bohsali, called for the declaration of economic emergency and the closure of the country for 3 days, until things stabilize and the exchange rate remains stable at reasonable levels, saying : “When world stock markets experience large upward or downward fluctuations in prices, stock exchanges tend to close, not for the purpose of protecting capital, but rather to protect traders and citizens.”
Bohsali confirmed that prices will inevitably fall with the fall of the dollar exchange rate, “except that it is required to stabilize at a certain level, so that importers, wholesalers or retailers can keep up,” noting that importers are really confused on how to deal with exchange rate fluctuations somehow. Fast and big, “Some of them are reluctant to deliver goods, not because of a monopoly, but as a result of a lack of stability in vision and an unwillingness to raise prices at an exchange rate of 14 or 15 thousand pounds, and the possibility of going back to 12 or 11 thousand pounds later. Some of them also deliberately raised prices to preserve their capital and not to make a profit, and some of them kept their previous prices, bearing the losses that could result if the exchange rate did not fall again. Emphasizing that no trader has the ability to make the right decision in light of the existing confusion, “everyone is confused about how to fix the price.”
Bohsali explained that the fall in the prices of raw materials at the points of sale cannot keep up with the fall or rise in the exchange rate on a day-to-day basis, “because the record rise in the dollar exchange rate began on Last Thursday and with it the chaos began in the markets until Tuesday, until the companies deliver the revised price regulation was approved by the points of sale on Wednesday, and the dollar fell again on Thursday. These fluctuations are expected to continue in this way ”.
[ad_2]
