Economist: The Government Made A Mistake By Increasing The Exchange Rate And Raised The Number Of The Unemployed To 4 Million
Economist: The Government Made A Mistake By Increasing The Exchange Rate And Raised The Number Of The Unemployed To 4 Million
06/13/2022 | 10:26 AM
Information / Baghdad…
The economic expert, Dr. Mustafa Akram Hantoush, explained that the central government made a mistake by increasing the exchange rate of the dollar, pointing out that this matter resulted in a rise in the poverty rate to 31 percent and an increase in the number of the unemployed to 4 million people.
Hantoush told “Al-Maalouma”, that “the current Iraqi government has nothing to do with the economy because it is urgent, working in dark rooms, and made a mistake by increasing the exchange rate, as it did not seek the help of experts after the increase in oil prices, which it achieved Great financial abundance, so that the government resorts to less stressful ways, most notably saving the salaries of employees and increasing the debt, before resorting to changing the dollar exchange rate.”
He added that “the government listened to the ministers and advisers of the International Monetary Fund, who see the Iraqi as working 3 job meals to achieve financial income, which is a wrong thing that caused an increase in the poverty rate by 10 percent, as the percentage rose from 21 percent to 31.”
Hantoush explained, “The number of the unemployed also increased from 2 million and 700 thousand to 4 million unemployed people, due to the government’s failure to listen to any economic opinion,” noting that “the government’s measures came to the budget with 14 trillion dinars, while the The surplus oil revenues exceeded 50 trillion dinars.” finished/ 25 n
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