Twilight News / describe the appearance of Mohammed Saleh Financial Advisor to the Prime Minister Haider al-Abadi on Friday cut the value of zero Iraqi dinar against the US dollar that has devastating consequences that will deepen the financial crisis experienced by the country as a result of lower oil price in the global markets.
Saleh pointed out in a statement reported to Twilight News, in response to the claims of the government tradition to reduce the value of the dinar, saying, “Unfortunately, there are actors and personalities working to promote the idea of the deterioration of the exchange rate of the Iraqi dinar and the events of the deterioration in the standard of living and Serb stability in order to impose a monetary tax emergency affecting all segments of the people It is inflation and the events of deliberate deterioration of the standard of living in order to conquer some of the state deficit without considering the management of revenues from outside oil revenues. “
He noted that “the reduction of the Iraqi currency by reducing the exchange rate of the dinar against the dollar, for example, will add the results of the destructive effect of a negative in the deepening impact of the financial crisis, a new crisis-strong inflation in the general level of prices and generates inevitably recession inflationary, exacerbating the general economic situation and common discontent intended at the time of fighting the war on terror, and we desperately need the elements of economic stability. “
He said the devaluation of the dinar “will enter the country with three crises: a financial crisis does not resolve tactics rapid monetary policy such as reducing the Iraqi dinar exchange rate will also like the dollar campaign and the pioneers of dollarization and Moktnzih of the wealthy, who are speculating strongly the people and the misery of the poor and low-income and second crisis, price inflation and the deterioration of stability resulting from the deterioration of the economic stability of the exchange rate over the foreign currency and reduce the purchasing power of pensions and incomes of citizens because of inflationary expectations and broadcast state of uncertainty and lack of confidence in Iraqi dinars and third: security due to terrorism and the war on Daesh crisis. Valkhasr is Winner of the people and reduce the dinar and the dollar are the richest terrorism. “
He concluded by saying that “Do not forget that inflation in Daesh areas and high rates of price inflation there to three decimal places and the deterioration of the standard of living has precipitated victory over the stability of the standard of living in the rest of Iraq. It is a smart economic warfare practiced by the economic leadership in the victory soon.”