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[size=36]Its harmful effects are... a parliamentary warning against printing a new monetary mass[/size]
Economy | 06:54 - 11/15/2023
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Mawazine News - News
Independent MP Nazem Al-Shibli warned today, Wednesday, of the dangers of printing a new monetary mass, stressing that the rise in the price of the dollar has harmed the livelihood of a segment of poor citizens.
Al-Shibli said in a statement received by Mawazine News, "This step may lead to the erosion of the value of the Iraqi dinar, especially in light of the governor's failure to manage monetary policy."
He added, "Central Bank Governor Ali Al-Alaq failed to manage the crisis and is unable to achieve stability in the value of the Iraqi dinar," pointing out that "printing a new monetary mass will lead to adverse damage."
Al-Shibli pointed out that "the Central Bank floundered in the rise of the dollar, which directly affected the simple Iraqi citizen in his strength and daily livelihood."
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