AN ECONOMIST SPEAKS PASSIONATELY ABOUT THE FATE OF THE “ANCIENT” IRAQI DINAR AGAINST THE DOLLAR
Economic researcher, Ziyad Al-Hashemi, said on Tuesday that the Iraqi government and the central bank have exhausted and weakened the value of the Iraqi dinar in a difficult journey with the dollar.
Al-Hashemi stated in a post on the “X” platform, that “the currency that rebounds against the dollar due to a statement (a foreign ambassador), and then declines the next day due to (military strikes) here or there, cannot be considered a cohesive currency or capable of… Preserving value, but the problem is not with the currency, but rather with those who work in its name.”
He added: “The Iraqi government and the Central Bank exhausted the Iraqi dinar and weakened its value and reputation during a difficult journey with the dollar, during which the state drained tens of billions of dollars to prove the saying (the dinar is stronger than the dollar), and so far the official system has not been able to achieve that.”
He continued, “It is unfortunate that the fate and reputation of the (ancient) Iraqi dinar is in the hands of an official government group, which does not value its legal value as it should, and does not work properly to defend it or restore confidence in it locally and internationally.”
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