Al-Kazemi’s advisor: Raising the exchange rate doubled inflation 11 times
Al-Kazemi’s advisor: Raising the exchange rate doubled inflation 11 times
9-15-2022
Information/Baghdad..
The technical advisor to the Prime Minister, Haitham al-Jubouri, suggested that the financial surplus would reach 25 trillion dinars at the end of this year, while noting that the inflation rate rose 10 times due to the change in the exchange rate.
Al-Jubouri said in a televised interview, which was followed by / the information /, that “the growth in the Iraqi economy is caused by the rise in oil prices,” noting that “the Federal Court’s decision regarding the inability of the caretaker government to send projects and laws delayed sending the budget to Parliament.”
He added, “The financial surplus may reach 25 trillion dinars at the end of this year,” noting that “the House of Representatives may approve an emergency law similar to food security in the event that the budget cannot be approved.”
Al-Jubouri indicated that “last year, we achieved 10 trillion Iraqi dinars in non-oil revenues,” stressing that ”
On inflation, he stressed that “the change in the exchange rate increased the rate of inflation, as the rate of inflation doubled 11 times.” finished/25
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