An economist warns about expanding electronic payment services: Do not be eager to solve these matters
An economist warns about expanding electronic payment services - Do not be eager to solve these mattersEconomic researcher Ziad Al-Hashemi confirmed on Thursday that expanding electronic payment services will provide a “partial solution” to the monetary problem in Iraq.
Al-Hashemi said in a post on the “X” platform, followed by “ Jarida ”, that “the new government measures to activate electronic payment services on a large scale are a step that will provide (a partial solution) to the monetary problem in Iraq, and we are awaiting other real solutions to address the rest of the chronic problems.”
He added, “But we should not expect electronic payment operations to solve the problem of rising exchange rates as a result of the leakage of the dollar from the economy to finance trade and illicit operations and support penalized economies.”
He explained, “This serious problem requires (political boldness) and (rigidity in decision-making) to solve, which it is clear so far that the Iraqi official system lacks and does not have any of its tools.”
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