"THESE ARE THE MECHANISMS TO BRING FORTH THE NEW EXCHANGE RATE" BY FRANK26, 12 MARCH

KTFA

FRANK26:"THESE ARE THE MECHANISMS TO BRING FORTH THE NEW EXCHANGE RATE".........F26

Preventing the collapse of the currency... praising the government's steps to control the price of the dollar

 

3/9/2024

 

 Baghdad

 

Today, Saturday (March 9, 2024), Professor of Economics at Halabja University, Farman Hassan, praised the Iraqi government's steps to control the dollar and prevent speculators.

Hassan said in an interview with "Baghdad Today" that "the government's measures, including the steps of Prime Minister Muhammad Shia al-Sudani and the Central Bank, are good and prevented the collapse of the Iraqi currency," stressing that "if the measures Continue, the price of the dollar will decline gradually.”

Hassan added, “The government controlled speculation and prevented monopoly,” pointing out that “most materials are traded in Iraqi dinars, and thus the local currency has rebounded, and the dollar has not risen to record levels.”

He stated that "the gradual decline will continue because people's demand for the dollar has gradually decreased, after the reassurances sent by the government and the central bank that the dollar will not rise to significant levels, and therefore people no longer have major fears, and Those who buy the dollar are now only those who have an actual need.”

The Parliamentary Finance Committee confirmed on Wednesday (March 6, 2024) that the dollar is controlled by the relevant government agencies, calling for not taking into account the rumors of losing and corrupt parties.

Committee member Moin Al-Kazemi told “Baghdad Today” that “there are some politically losing parties and personalities who have major suspicions of corruption, working to continue spreading rumors that the government is not in control of the dollar market and the Iraqi dinar is declining , for the purpose of political influence as well as influencing the market.”

Al-Kadhimi added, “The government is currently in complete control of the dollar in all its transactions, and there is real and serious work to strengthen the Iraqi dinar,” stressing that “everyone is required not to take into account the rumors of losing and corrupt parties, as they do not want  economic stability, to achieve their suspicious agendas.”

(LOL... THE POT CALLING THE KETTLE BLACK... SOMEONE ACCUSING FALSELY INSTEAD OF THEMSELVES -F26) 

The expert in economic affairs, Ahmed Al-Tamimi, confirmed earlier today, Wednesday, that the dollar crisis in Iraq is behind corruption mafias, with political protection from some influential people and parties that are trying to obstruct economic reforms.

Al-Tamimi told "Baghdad Today", "The politically protected corruption mafias were the primary beneficiaries of the dollar crisis and they worked to exacerbate this crisis for their own interests and gains. They are also currently working to obstruct any government reforms in the financial and economic sector."

He added, "These mafias have political protection from some influential people and parties, and these parties work politically to create problems so that any government efforts that want reform fail. This is why we see that the dollar crisis is still continuing and ongoing despite all government steps. The parallel market is still witnessing a significant increase." at the official price.

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