Revealing budget developments.. Al-Sudani: The exchange rate did not rise as a result of a government decision
Revealing budget developments.. Al-Sudani: The exchange rate did not rise as a result of a government decision
2023-01-21
Prime Minister Muhammad Shia al-Sudani confirmed today, Saturday, that the exchange rate of the dollar did not rise as a result of a government decision, but rather because there were those who took advantage of the temporary conditions and turmoil in the markets that were not yet accustomed to dealing with the new banking mechanisms, which will preserve the funds, which is an important step on path of economic reform.
Al-Sudani said in a speech during the memorial ceremony on the anniversary of the martyrdom of Muhammad Baqir al-Hakim, “Today we remember the martyrdom, but with the taste of victory that was achieved over terrorism, and we remember the pure blood, but with the taste of security and stability that those sacrifices bestowed,” adding, “Today we are nearing the completion of the project The budget law, which is different from previous years, and it is the first time that the budget law revolves around the government program.
He added, “The government continues to support the Central Bank of Iraq to restore the exchange rate of the dollar to the official rate, and this is part of an economic overall that needs a courageous response and effective solutions to end the wrong financial policies inherited by the current government.”
And between, “We have taken a series of bold decisions to support and stabilize the Iraqi dinar, and we warn those who try to exploit the crisis and play on people’s needs,” adding, “The exchange rate did not rise as a result of a government decision, but rather because there were those who took advantage of the temporary conditions and turmoil in the markets that are not yet familiar with dealing.” With the new banking mechanisms, which will preserve the funds, which is an important step on the road to economic reform.
Al-Sudani continued, “We affirm the priority of combating corruption, and our government continues to assign it to the judiciary and the competent authorities to pursue those wanted and work to recover the looted funds,” recalling, “We took into account, in all our steps, and in the budget’s goals, that we should alleviate endemic poverty in some Iraqi environments and sectors.”
He stated, “At the top of these tasks emerged the major social research process, strengthening the lower-income segments with food baskets and ration cards, the state’s duty to plan and develop, address imbalances, create economic opportunities, prepare the ground for the work of the public and private sectors, and absorb and rehabilitate the youth segment.”
Al-Sudani explained, “We attached special importance to foreign relations, and we continue to communicate and exchange visits with brothers and friends, and mutual interest is always present in all our dialogues,” stressing “all active forces need to stay away from contradictions and tensions that are no longer an appropriate means to correct the course of the political situation in Iraq.” .
He continued by saying, “We will not be against opposing opinions whose aim is to correct the defects in the body of the state. The opposing voice endowed with national responsibility is no less important than the supporting voice.”
The Prime Minister concluded, “We will continue to work, as long as there are courageous and serious leaders in it, and as long as our rational authority sponsors its path with its wisdom, and as long as our security forces, of all kinds, are capable and empowered, and mobilize their determination from the sacrifices of the martyrs.”
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