Al-Mashhadani: The Iraqi economy cannot be fixed by changing the exchange rate alone.
Al-Mashhadani: The Iraqi economy cannot be fixed by changing the exchange rate alone.
10-17-2026
Information / Baghdad –
Economic expert Abdul Rahman Al-Mashhadani affirmed on Saturday that raising the dollar exchange rate might provide quick and temporary liquidity to the state treasury, but it does not constitute financial reform in itself without comprehensive strategic plans.
Al-Mashhadani told the Information Agency, “True financial reform in Iraq lies in building a genuine, diversified revenue system, working to recover smuggled funds and assets, and reducing wasteful spending within the state apparatus.”
He added, “Improving the economic situation requires shifting from total dependence on oil and the dollar’s pricing to a modern financial management approach that measures tangible results and generates sustainable, non-oil revenues.”
He pointed out that “relying on temporary solutions by manipulating the currency harms citizens’ purchasing power and is ineffective. The optimal alternative lies in revitalizing productive sectors such as industry and agriculture to strengthen the stability of the national currency.”
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