Traders are heading to sue the fiscal and central currency over devaluation

Traders are heading to sue the fiscal and central currency over devaluation

12/25/2020 11:01

Traders are heading to sue the fiscal and central currency over devaluation[Baghdad_Where]
Trade circles across Iraq are heading towards registering a lawsuit against the Minister of Finance and the Governor of the Central Bank of Iraq for approving the law to devalue the Iraqi currency.
“The decision to devalue the currency does not carry any positive trends, but rather harms the national economy and the commercial sector in particular,” said trade expert and consultant to the Baghdad Chamber of Commerce, Salah Al-Shami.
He pointed out that “all the measures adopted by the affected business family are in accordance with the law in force in order to reverse this decision, which paralyzed commercial activity and inflicted great losses on the Iraqi merchant.”
He pointed out that “the type of damage that the national economy was subjected to will be determined in detail, so that everyone will be informed of the great defect that the economy has suffered as a result of the devaluation of the currency.”

alliraqnews.com