Popular movement: The government is still unable to confront the dollar crisis
Popular movement: The government is still unable to confront the dollar crisis
7-16-2024
Information/ Baghdad..
The head of the Popular Movement’s regulatory body, Hussein Ali Al-Karawi, confirmed today, Tuesday, that the government’s submission to American dictates made it unable to confront the dollar crisis.
Al-Karawi said in an interview with Al-Maalouma Agency, “The rise in the dollar exchange rate in local markets has become worrying,” indicating that “this rise will have dire consequences for the Iraqi street.”
He added, “Ending the dollar crisis lies in the global currency basket and adopting a barter system in exchange for a percentage of oil exports, as is the case with the Chinese agreement signed by Abdul Mahdi’s government.”
He pointed out that “the government is unable to confront the dollar crisis in the black market,” stressing that “the Central Bank of Iraq failed to manage the exchange rate and control the continuous rise of the dollar against the Iraqi dinar.”
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