Al-Fath: The government bears all the economic effects resulting from the ill-considered exchange rate decision
Al-Fath: The government bears all the economic effects resulting from the ill-considered exchange rate decision
2021-03-18
On Thursday, the Al-Fateh Alliance carried the government the total economic consequences of the decision to raise exchange rates, which it described as “ill-considered.”
“The Al-Fateh Alliance is still insisting not to vote on the budget if the current exchange rates are not reduced and brought back to normal,” said a member of the coalition, MP Hamid al-Mousawi, in a press statement.
He added, “The government must bear the economic consequences of this ill-considered decision, which affected a large segment of citizens and merchants alike.”
He noted that “the government is required today as it has made efforts to find a legal gateway to compensate the major contractors and investors in government projects in the same way to create solutions for merchants and other sectors that represent the livelihood of the Iraqi citizen.”
He pointed out that “the Al-Fateh Alliance proposed to the government to find a reasonable exchange rate or return it to its normal state to reduce the disastrous effects resulting from this measure.”
burathanews.com
