Al-Gomhoria: The reasons for the rise in the black market dollar are not exclusively related to the record of elimination of subsidies



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Al-Jamouria wrote that in the information available, the reasons for the rise of the dollar on the black market are not exclusively related to the record of the lifting of subsidies, but rather that the problem lies in the growth of the size of the monetary bloc in the lira, which It reflects the continuous printing of the coin. This is done in the absence of a budget that takes care of expenses and income. Thus, the economic and financial reasons are sufficient to conclude that the exchange rate of the national currency is subject to economic pressures, in addition to the psychological factors that cause political setbacks.

In this context, it can be said that the financial situation comes at difficult times, especially as the popular classes and workers are preparing to reject any attempt to reduce support, which means that money will run out, in the absence of plans for rescue, which will lead to a disaster whose indicators accumulate accordingly. And if the Workers ‘Union raised the following rules yesterday: No to lift subsidies on fuel, medicine, wheat and all basic materials, no to damage depositors’ money, no to sell state property, not to touch gold, then the question is: if the political situation does not move, and if the state remains without or without a plan. Hope for foreign aid, and if they answer the union’s no, what will the scenario be like in a few months?

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