Parliamentary Finance: The Iraqi economy is facing the region’s challenges with stability

Parliamentary Finance: The Iraqi economy is facing the region’s challenges with stability

12-17-2024

Parliamentary Finance - The Iraqi economy is facing the regions challenges with stabilityInformation / Special..
Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, confirmed today, Tuesday, that the Iraqi economy continues to be stable despite the ongoing regional challenges.

Al-Kadhimi said in a statement to Al-Maalouma Agency, “The government and the Central Bank have taken several important measures to confront the security and economic challenges facing the country, especially in light of the deteriorating situation in Syria,” explaining that “the country’s economy continues to be stable despite the ongoing regional challenges.”

He added, “The situation in Syria does not directly affect the economy or the dollar exchange rate in the local market,” noting that “the dollar price in the parallel market is currently stable.”

He said, “The impact of the economic crises witnessed by the region on the economy remained limited thanks to the ongoing efforts to monitor prices and ensure market stability.”

It is noteworthy that the Syrian pound made an unexpected leap against the Iraqi dinar in the exchange markets during the past period.

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