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Researcher: Mismanagement and politics negatively affected the value of the Iraqi dinar against the dollar
November 10 13:42
Information / Baghdad..
Iraqi affairs researcher Qasim Balshan confirmed today, Sunday, that
mismanagement and policy have negatively affected the value of the Iraqi dinar against the dollar.
Balshan said in an interview with the Maalouma Agency that
"the current political mismanagement has negatively affected the value of the Iraqi dinar against the dollar, making prices fluctuating and unstable in Iraq." He stated,
"Until this moment, no person specialized in the field of currencies and banking has been chosen to manage the Central Bank of Iraq well," pointing out that
all those who are chosen follow certain political blocs. He added,
"When the Central Bank of Iraq puts the dollar up for sale, we notice that citizens are far from the issue and the sale is limited to some companies and banks." He pointed out that
"the Iraqi money that comes from selling oil does not go to the Iraqi government directly, but rather to the US Federal Bank, which is the one who deals with these matters." He continued,
"The
political disputes and crises, the
lack of good distribution of wealth, and the
lack of real investment are what
led to the deterioration of the Iraqi dinar against the dollar." Ended 25/S
https://almaalomah.me/news/82149/economy/باحث:-سوء-الإدارة-والسياسة-اثرت-سلبا-على-قيمة-الدينار-العراق
November 10 13:42
Information / Baghdad..
Iraqi affairs researcher Qasim Balshan confirmed today, Sunday, that
mismanagement and policy have negatively affected the value of the Iraqi dinar against the dollar.
Balshan said in an interview with the Maalouma Agency that
"the current political mismanagement has negatively affected the value of the Iraqi dinar against the dollar, making prices fluctuating and unstable in Iraq." He stated,
"Until this moment, no person specialized in the field of currencies and banking has been chosen to manage the Central Bank of Iraq well," pointing out that
all those who are chosen follow certain political blocs. He added,
"When the Central Bank of Iraq puts the dollar up for sale, we notice that citizens are far from the issue and the sale is limited to some companies and banks." He pointed out that
"the Iraqi money that comes from selling oil does not go to the Iraqi government directly, but rather to the US Federal Bank, which is the one who deals with these matters." He continued,
"The
political disputes and crises, the
lack of good distribution of wealth, and the
lack of real investment are what
led to the deterioration of the Iraqi dinar against the dollar." Ended 25/S
https://almaalomah.me/news/82149/economy/باحث:-سوء-الإدارة-والسياسة-اثرت-سلبا-على-قيمة-الدينار-العراق
