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An economic specialist for / Nina /: devaluing the dinar is an economic crime that will not bring economic benefit to the country, but rather the opposite DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

An economic specialist for / Nina /: devaluing the dinar is an economic crime that will not bring economic benefit to the country, but rather the opposite

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An economic specialist for / Nina /: devaluing the dinar is an economic crime that will not bring economic benefit to the country, but rather the opposite Empty An economic specialist for / Nina /: devaluing the dinar is an economic crime that will not bring economic benefit to the country, but rather the opposite

Post by RamblerNash Fri Jun 04, 2021 10:14 pm

An economic specialist for / Nina /: devaluing the dinar is an economic crime that will not bring economic benefit to the country, but rather the opposite 908026-c888b187-1cdf-4b0b-a752-ffd83dc4b5ab
Friday 04 June 2021 11:57
 
Baghdad / NINA / - The specialist in managing economic crises, Ali Al-Fariji, confirmed that devaluing the dinar is an economic crime that the people have been victims of, indicating that it will not achieve economic benefit for the country, but rather the opposite.

Al-Fraiji said in a statement to the National Iraqi News Agency / NINA / that "the Central Bank and the Ministry of Finance justify the decision to raise the value of the dollar against the Iraqi dinar to achieve an increase in the value of cash in Iraqi dinars (to reduce the salary bill and some bills of the operating budget), and to raise the value of the Iraqi state's reserves of foreign exchange. , by reducing the rates of selling currency from the currency sale window, and to support economic development in Iraq by encouraging Iraqi industrialists instead of importing.

Al-Fraiji stressed that "there was not a great benefit from raising the value of cash in Iraqi dinars, given that the operating budget was spent in dollars, indicating that the foreign exchange stock increased very temporarily at the beginning of the first two months, and no significant result was achieved due to the return of the currency sale window from selling the dollar at rates of 200 million." Dollars per day, which are rates that raise a lot of doubts, and nothing has been achieved from the issue of supporting the industry and reducing import rates, on the contrary, consumption rates have increased, as well as the prices of the importer, who constitutes more than 95% of the assets of local markets. Al-

Fariji pointed out that behind this economic crime (the power parties + The Central Bank + The Ministry of Finance (the government) + Parliament) and the victim cannot be considered the victim as the people or the individual absolutely, because of his participation in (their choice + silence).

He stressed that the solutions to this economic crime lie in "the adoption of raising the price of the dollar (if insisting on it), for a temporary period and ending with it (for example until the end of 2021). And the initiation of compensatory and incentive strategies for the private sector (small businesses) as well as those affected by individuals. and families through cash or in-kind aid for months. Supporting the labor market and reducing economic shocks, including (controlling real estate market prices and not allowing unjustified rises, pumping foodstuffs and other materials to support the purchase movement and controlling consumer prices). / End 8

https://ninanews.com/Website/News/Details?key=908026
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