Economist: Iraq is currently going through a phase of monetary policy collapse
Economist: Iraq is currently going through a phase of monetary policy collapse
8-6-2024
Information/Special..
Economic expert Mustafa Hantoush said on Tuesday that Iraq is currently going through a phase of near-total collapse in monetary policies.
Hantoush said in a statement to Al-Maalouma Agency, “The most important policies that could collapse at the present time are the policy of preserving the national banking system and the policy of international monetary relations,” noting that “the matter is not limited to the banking system, but rather extends to the policy of protecting the local currency against foreign currencies, the policy of activating banking operations and supporting the Iraqi market, as well as the financing policy supporting the Iraqi sectors.”
He added, “Other policies are threatened with collapse, the most important of which are the industrial, agricultural, tourism and other policies, in addition to the policy of technical legal banking opinion supporting the movement of the markets,” noting that “the next stage must be to save monetary policies through national monetary and banking plans.”
It is noteworthy that the Iraqi banks called on the Iraqi government to work with all available means to remove the damage that befell them in particular, and the Iraqi banking sector in general, and to provide the necessary support to resolve the issue. End 25/J
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