Former member of the Central Bank’s Exchange Rate Committee, Misbah Al-Akkari, shared his comparison between the exchange rates of the dollar, which reached 8.23 dinars per dollar yesterday and dropped to 7.86 today. He described the market as cowardly, as it harbors fake and unreal prices. He explained that this is a period of uncertainty exploited by speculators to make profits at the expense of the vulnerable, as he put it. Al-Akkari confirmed that the Central Bank crisis is nearing its end in the coming period. “With the lifting of the force majeure on oil fields, the official exchange rate, when handled by real experts, will not exceed 4.15 dinars as the first phase of true reform.”

In his post, Al-Akkari wrote: “Why all this panic and growing fear? You are sitting on a sea of oil, with a landmass three times the size of France. You have a coastline 1,900 kilometers long and a small population with a simple, non-complex economy that can achieve self-sufficiency in many goods. You have a desert capable of producing electricity through solar energy to power Europe.”

Al-Akkari concluded by saying, “We are a young nation, meaning we have productive energy. So why let fear and pessimism dominate you? Speak of good, and you will find it.”