Amer Al-Jawahiri to / NINA /: Changing the value of the national currency at present .. economic confusion .. it should not be linked to additional unstable revenues

Monday 09 August 2021 20:51
 
Baghdad / NINA / - The consultant in industrial development, industrial cities and investment, Amer Al-Jawahiri, confirmed that: Changing the value of the national currency is currently...economic confusion..it should not be linked to additional, unstable revenues.

He told the National Iraqi News Agency ( NINA ) that: the change in the value of the national currency against other foreign currencies has not occurred since 2003 except twice, its price was 2500 and then to 1200, and it was changed at the end of last year, which means that during 17 years it was changed only twice.

Al-Jawahiri added that: the rise in oil prices is not fixed, it may rise for several months and decrease again, as happened previously. Noting that: Determining the economic and monetary paths does not depend on steps that occur for some months or seasons of the year.

He explained that: what is happening from changes in oil prices, we should not base them on a change in the amount of the Iraqi currency vis-à-vis other currencies, and not take place in short successive periods, and we do not advise continuing to think about the issue of the value of the currency vis-à-vis foreign currencies at the present time, because it confuses us, we need it. /finished 3

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