Al-Sudani: The Decision To Raise The Dollar Exchange Rate In The Previous Government Was Not Well Thought Out And Its Impact Was Negative On The Citizen, 12 SEPT

 Al-Sudani: The Decision To Raise The Dollar Exchange Rate In The Previous Government Was Not Well Thought Out And Its Impact Was Negative On The Citizen

Monday 11, September 2023 22:01 | Economical Number of readings: 201

Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani confirmed that the decision to raise the dollar exchange rate in the previous government was not considered and its impact was negative on the citizen. He  said in an interview with a number of Iraqi satellite channels that the dollar is linked to many sectors and cannot be dismantled.

He added that the banking and financial sector He has not witnessed any reform process since 2003, and he explained that Iraq's trade is now reliable and real.

He continued that the Iraqi and Iranian central banks are working on a mechanism to regulate trade and break the back of the parallel market.

He explained that the tobacco trade has zero revenues despite it being the strongest trade.

He continued: We have real reforms for the financial sector, and the teams are working on that.

He said that the banks that were banned from dealing in dollars were supposed to be punished by the Central Bank

He added: There is an American understanding of all the measures taken regarding reforms from Iraq./End   https://ninanews.com/Website/News/Details?key=1077006