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Economist: Dollar markets may cause the collapse of the Iraqi dinar
May 15 18:50 2 shares
Information / special.
Economic expert Nabil Al-Ali warned, on Monday, of the continued decline of the Iraqi dinar against the dinar due to the circulation of hard currency in the local markets. Al-Ali said, in an interview with Al-Maalouma Agency, that "a
lot of efforts are being made to strengthen the national currency by preventing any dealings in foreign currencies, and
this matter is applicable in most countries." And he stated,
"Dealing with hard currency in the local markets has serious economic effects on the dinar,
and may be a reason for the collapse of the value of the national currency, as happened in Lebanon recently." The economist explained,
"This step aims to strengthen the Iraqi dinar, and
it will be dealt with only in the local market," noting that
"this step will represent a new start to upgrade the Iraqi economy and ways of its continuous development."
The Minister of Interior, Abd al-Amir al-Shammari, had earlier issued directives regarding dealing in dollars in local markets in two governorates,
while the Organized Crime Directorate conducted a campaign to publish the directives.
It was decided to prevent dealing in buying and selling in US dollars and sticking to the local currency, in all governorates except for the Kurdistan region,
as a step to control the high exchange rates of the dollar in the local markets. Ended / 25 y
https://almaalomah.me/news/economy/اقتصادي:-دولارة-الاسواق-قد-تتسب-بانهيار-الدينار-العراقي
May 15 18:50 2 shares
Information / special.
Economic expert Nabil Al-Ali warned, on Monday, of the continued decline of the Iraqi dinar against the dinar due to the circulation of hard currency in the local markets. Al-Ali said, in an interview with Al-Maalouma Agency, that "a
lot of efforts are being made to strengthen the national currency by preventing any dealings in foreign currencies, and
this matter is applicable in most countries." And he stated,
"Dealing with hard currency in the local markets has serious economic effects on the dinar,
and may be a reason for the collapse of the value of the national currency, as happened in Lebanon recently." The economist explained,
"This step aims to strengthen the Iraqi dinar, and
it will be dealt with only in the local market," noting that
"this step will represent a new start to upgrade the Iraqi economy and ways of its continuous development."
The Minister of Interior, Abd al-Amir al-Shammari, had earlier issued directives regarding dealing in dollars in local markets in two governorates,
while the Organized Crime Directorate conducted a campaign to publish the directives.
It was decided to prevent dealing in buying and selling in US dollars and sticking to the local currency, in all governorates except for the Kurdistan region,
as a step to control the high exchange rates of the dollar in the local markets. Ended / 25 y
https://almaalomah.me/news/economy/اقتصادي:-دولارة-الاسواق-قد-تتسب-بانهيار-الدينار-العراقي
