Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros

Thursday 28 April 2022 16:55
 
Baghdad / NINA / - The consultant in industrial development and investment, Amer Al-Jawahiri, confirmed: "Improving economic activities in the local market is more stable than deleting confusing zeros."

Al-Jawahiri said in a statement to the National Iraqi News Agency ( NINA ): "The strength of the local economy is the main factor in improving the dinar's exchange rate against currencies and gold."

He added, "We have to focus efforts on developing the economy to solve many things," noting that there has been no actual movement to empower and strengthen the economy during the past decades.

He explained that: "With the increase in oil and other revenues, there was no improvement in the strength of the dinar, which was reduced at the end of December 2020. The rate of change was 23%, and there was an increase in prices more than that, and there was confusion in the sensitive and fragile market that has no control."

Al-Jawahiri expressed concern about improper economic and financial operations, especially with regard to changing the zeros or deleting part of them in the value of the dinar, pointing to the need to improve economic activities because the street cannot tolerate confusion and market manipulation. / End 3

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