The New Region
@thenewregion·
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Iraqi Prime Minister Ali al-Zaidi’s financial adviser, Madher Mohammed Salih, said Saturday that the government has taken measures to protect the purchasing power of the Iraqi dinar and curb inflation - State media
Salih said exchange rate stability is aimed at "protecting the external value of the national currency and maintaining the stability of the general price level," adding that a stable exchange rate has strengthened confidence in the dinar and supported citizens’ purchasing power
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🇮🇶 Iraqi Prime Minister's financial advisor, Mudher Mohammed Salih, stated on Saturday that the government has taken measures to protect the purchasing power of the Iraqi dinar and curb inflation.
Salih explained that exchange rate stability is intended to:
✅ Protect the external value of the national currency.
✅ Maintain overall price stability.
✅ Strengthen confidence in the Iraqi dinar.
✅ Support citizens' purchasing power.
He also noted that a stable exchange rate has helped increase confidence in the dinar and preserve the population's ability to purchase goods and services.
What does this mean?
From an economic perspective, the message is significant because the government is reaffirming that:
📌 Stability of the dinar remains a national priority.
📌 Protecting citizens' purchasing power is a central objective.
📌 Controlling inflation continues to be a key component of economic policy.
📌 Confidence in the national currency is considered essential for the country's financial stability.
The most important takeaway
"Exchange rate stability has strengthened confidence in the dinar and supported citizens' purchasing power."
This statement reflects the government's commitment to a strong and stable currency that can support the economy and protect the population from inflationary pressures.
It is clear that the government's goal is to continue strengthening the national currency and reinforcing confidence in the Iraqi dinar, ensuring that it maintains its purchasing power and contributes to the country's economic stability. 🇮🇶📈
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