Researcher: Mismanagement and politics negatively affected the value of the Iraqi dinar against the dollar
Researcher: Mismanagement and politics negatively affected the value of the Iraqi dinar against the dollar
10-11-2024
Information / Baghdad..
Iraqi affairs researcher Qasim Balshan confirmed today, Sunday, that mismanagement and politics have negatively affected the value of the Iraqi dinar against the dollar.
Balshan said in an interview with Al-Maalouma Agency that “the current mismanagement and politics have negatively affected the value of the Iraqi dinar against the dollar, which has made prices volatile and unstable in Iraq.”
He pointed out that “until this moment, no one specialized in the field of currencies and banking has been chosen to manage the Central Bank of Iraq well,” noting that all those chosen belong to certain political blocs.
He added, “When the Central Bank of Iraq offers the dollar for sale, we notice that citizens are far from the issue and the sale is limited to some companies and banks.”
He pointed out that “the Iraqi money that comes from selling oil does not go directly to the Iraqi government, but rather to the US Federal Reserve, which is the one that handles these matters.”
He added, “The political disputes and crises, the poor distribution of wealth, and the lack of real investment are what led to the deterioration of the Iraqi dinar against the dollar.”
almaalomah.me
