MAJEED
The current Government’s decision to raise the value of the dinar was an incorrect populist move, as it increased the cost of salaries and drained the dollar reserve, benefiting only a minority.
With the decline in oil prices and the possibility of US restrictions on the flow of Iraqi funds, Iraq is approaching a stifling financial crisis.
There is no way out except through radical and immediate reforms, starting with restoring the exchange rate to what it was,
reforming the management of border crossings, activating the collection of taxes and service bills, and stopping financial corruption.
It is also necessary to recover the money stolen from those convicted of corruption, and to review the estimated costs of projects that have been inflated to serve the companies of parties and parliamentary blocs.
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