Sabah Al-Ugaili: The devaluation of the national currency caused an economic crisis
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Sabah Al-Ugaili: The devaluation of the national currency caused an economic crisis
by RamblerNash Thu Dec 24, 2020 12:49 pm
Thursday 24, December 2020 19:30
Baghdad ( NINA ) - A member of Parliament for the Alliance, Sabah Al-Ugaili, said that reducing the value of the national currency has caused an economic crisis.
He told the Iraqi National News Agency ( NINA ) that what happened reflects the lack of experience in the Iraqi market and the lack of efficiency, indicating that it would have been better for the Minister of Finance to act in a manner that does not cause this crisis, which reflected its effects on those with limited income.
Al-Aqili added that the minister and whoever works with him must develop solutions that contribute to maximizing the country's resources in ways that do not affect the exchange rates of the dollar because raising the exchange rate is a solution that reflects the inability of the official.
The sudden rise in the dollar’s exchange rate led to the rise in the price of foodstuffs, which is directly attributable to those with limited income and earners. / End 3
https://ninanews.com/Website/News/Details?Key=878209
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