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The Iraqi government comments on the possibility of restoring the dollar exchange rate and ending the currency auction - urgent

Author
Tish Washington
Published
Mon 15 Aug 2022
Episode Link
https://podcasters.spotify.com/pod/show/tish-washington8/episodes/The-Iraqi-government-comments-on-the-possibility-of-restoring-the-dollar-exchange-rate-and-ending-the-currency-auction---urgent-e1mhn26

The Iraqi government comments on the possibility of restoring the dollar exchange rate and ending the currency auction - urgent 


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The government comments on the possibility of restoring the dollar exchange rate and ending the currency auction - urgent


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Today, Monday, the government's economic advisor, Haitham al-Jubouri, ruled out taking any decision regarding the dollar's exchange rate, indicating that the best .solution lies in strengthening the national currency against the dollar



Al-Jubouri said in a televised statement, which was followed by (Baghdad Today), that "the issuance of a decision regarding the exchange rate of the dollar to decrease ".or raise is excluded at the present time



He added, "The best solution to end the crisis of the devaluation of the dinar is the currency to strengthen the local currency, expand its activity and diversify its ".sources



And on the possibility of ending the currency auction, Al-Jubouri said that "the currency auction does not mean selling the dollar only, but also buying the dinar to give 10 trillion dinars for the benefit of state employees every month, which means ".that it cannot be dispensed with

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