Political warnings about the repercussions of dollar fluctuations…and the absence of economic strategies threatens the livelihoods of vulnerable groups
Political warnings about the repercussions of dollar fluctuations…and the absence of economic strategies threatens the livelihoods of vulnerable groups
5-27-2026
Information/Report..
Political and popular concerns are escalating in Iraq as the dollar exchange rate continues to fluctuate, amid criticism of the lack of comprehensive economic reform plans and the near-total reliance on oil revenues compared to weak support for productive sectors, which has negatively impacted the living conditions of citizens and disrupted local markets.
In this regard, former MP Mahma Khalil confirmed in a statement to Al-Maalomah News Agency that “previous and current governments have failed to build a coherent economic policy based on clear reform principles, which has directly impacted the monetary and living conditions of citizens.”
He added that “the almost complete reliance on oil revenues, in contrast to the weak support for productive sectors, investment and the private sector, has contributed to the continuation of economic crises and complicated government solutions.”
He pointed out that “any real economic reform must begin with combating corruption and activating financial and administrative oversight, in addition to adopting development plans capable of enhancing the value of the Iraqi dinar and achieving stability in local markets.”
He explained that “the current stage requires serious economic decisions that are far from temporary solutions, with the need to build a long-term strategy that addresses the imbalances that have accumulated over the past years.”
In this context, Imran Karkoush, a member of the State of Law Coalition, confirmed in a statement to Al-Maalomah News Agency that “the continued fluctuation in the price of the dollar directly affects the livelihood of citizens, especially the poor and middle classes who bear the greatest burden of rising prices.”
He added that “addressing the crisis requires integrated government measures that include strengthening financial stability, supporting local production, and tightening control over markets to reduce exploitation and unjustified price increases.”
He explained that “the stability of the exchange rate and the improvement of the economic situation would contribute to easing the pressure on the markets and achieving a balance in food prices within the country.”
It should be noted that saving the Iraqi dinar is no longer merely a monetary issue, but a crucial political and executive decision. The success of any government efforts requires moving beyond temporary solutions and immediately protecting markets from price gouging, as well as revitalizing local factories and farms to reduce reliance on imports—the first line of defense for the livelihood of ordinary citizens.
almaalomah.me
