Former Minister: Industry in Iraq deliberately killed through the crime of currency auction

Former Minister: Industry in Iraq deliberately killed through the crime of currency auction

Tuesday 28 May 2019 12:50 pm

USD-Iraqi dinarBAGHDAD / The former Minister of Industry, Mohammed Al-Daraji, revealed what he described as the crime of the currency auction in Iraq and how he destroyed the national industry and encouraged its destruction since 2003.

“After 2003, the Iraqi industry was deliberately killed and the country was transformed into an open market for the consumption of foreign goods, with the contribution of economic and monetary policy in encouraging the products of other countries to be imported by Iraq through the crime of currency auction on The limit of saying, “noting that” the auction currency was selling the dollar to importers from abroad at a lower price than the sale to the industrial produced in Iraq. ”

“This is a clear economic process to destroy Iraqi industry by turning the country into an open market for the importation of foreign goods by reducing the selling price of the dollar,” he said.

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