Parliamentary Planning: The government’s financial confusion will lead to the collapse of the currency
Parliamentary Planning: The government’s financial confusion will lead to the collapse of the currency
08:34 – 06/19/2021
Information/Baghdad.
The Strategic Planning and Follow-up Committee of the Governmental Program in the House of Representatives warned, on Saturday, of the consequences of continued government confusion in the financial and economic field, indicating that the local currency is threatened with collapse.
Deputy Chairman of the Committee, Muhammad Al-Baldawi, said in a statement to “Al-Maalouma” that “the current government and its Finance Minister Ali Allawi submitted a reform paper and dozens of reform items that were not implemented by the same government, which reflects the extent of the government’s financial confusion.”
Al-Baldawi added, “The rise in dollar prices in Iraq is threatening the purchasing power of the citizen and the local currency, which has begun to decline and is also threatened with collapse.”
He pointed out that “sending money to Kurdistan without agreeing on the implementation mechanisms for the budget dispels all hopes for economic reform and the adoption of a transparent financial policy.”
almaalomah.org
