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Al-Fateh: Political pressures on the central bank will cause the country heavy losses

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Al-Fateh: Political pressures on the central bank will cause the country heavy losses Empty Al-Fateh: Political pressures on the central bank will cause the country heavy losses

Post by RamblerNash Sun Apr 25, 2021 8:59 pm

Al-Fateh: Political pressures on the central bank will cause the country heavy losses 256-696x391
18:58 - 04/25/20210

Information / private.

Al-Fateh Alliance confirmed, on Sunday, that the Central Bank has been subjected to great political pressure to achieve self and party interests.

"The government's insistence on continuing with the policy of raising the exchange rates will cause the governmental financial institution heavy losses that will be paid by generations of Iraqis," said a member of the coalition, MP Hamid Al-Mousawi, told Al-Maaloumah.

He added, "A lot of pressure exerted by political forces on the Central Bank of Iraq made it continue in this financial policy, and therefore the government institution will pay the losses, not the parties."

He pointed out that "this policy will cause Iraq to lose approximately 13 trillion in compensation amounts due to the difference between the old and the new exchange rate."

https://almaalomah.org/2021/04/25/531707/

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