A human rights center warns of “great risks” due to the depreciation of the Iraqi dinar
A human rights center warns of “great risks” due to the depreciation of the Iraqi dinar
2023-07-24 00:28
Shafaq News/ The Strategic Center for Human Rights in Iraq warned, on Monday, of “great risks” due to the rapid depreciation of the Iraqi dinar against the dollar.
“This matter portends an increase in the number of the poor and the unemployed, an increase in the prices of food and consumer goods, and its direct impact on the daily lives of citizens,” said the center’s deputy head, lawyer Hazem Al-Rudaini, in a statement received by Shafaq News agency.
He demanded that the government and the Central Bank of Iraq “need to take quick steps to preserve the value of the Iraqi dinar against the dollar by providing it at all airports and selling it to travelers directly and without intermediaries and following up on the work of private banks that buy dollars from the daily currency auction.”
The value of the Iraqi dinar witnessed a noticeable decline against the US dollar during the past days after the United States announced the inclusion of 14 Iraqi private banks on the sanctions list due to currency smuggling.
shafaq.com
