Does Washington have a hand in the dollar crisis, and what is the validity of Baghdad’s intention to print a new currency? Parliament Finance answers, 18 OCT
Does Washington have a hand in the dollar crisis and what is the validity of Baghdads intention to print a new currency - Parliament Finance answersToday, Monday, the Parliamentary Finance Committee denied the government’s intention to print a new local currency, while revealing the influence exerted by the US Federal Bank on the continuation of the dollar crisis.
Committee member Moeen Al-Kazemi said in a statement to Al-Mutala’ Agency, “Talk about the federal government intending to print a new local transaction has no truth at all, and the Iraqi dinar has a cover and bonds of approximately 150 billion dollars.”
Al-Kadhimi added, “Addressing the discrepancy in the dollar exchange rate does not happen by printing a new currency, but rather through thoughtful steps that should be implemented by all concerned parties.”
He pointed out, “The Central Bank covers the needs of merchants at the official price of 132 thousand dinars for every 100 dollars, and the reason for the disparity is the black market.”
He stated, “The influences exercised by the US Federal Bank to maintain this crisis for political purposes in Iraq.”
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