Economic adviser Ebadi accuses the parties to work on the devaluation of the dinar

Economic adviser Ebadi accuses the parties to work on the devaluation of the dinar


History of edits:: 2017/5/19 


{Baghdad: Euphrates News} accused the economic adviser to Prime Minister Haider al-Abadi, on Friday, points {unnamed} to work to promote the idea of ​​the deterioration of the exchange rate of the Iraqi dinar against the dollar.
He said the appearance of Mohammed Saleh, in a press statement, "Unfortunately , there are actors and personalities working to promote the idea of the deterioration of the Iraqi dinar exchange rate and the events of the deterioration in the standard of living and hit stability in order to impose an urgent cash tax affecting all segments of the people which inflation and the events of deliberate deterioration of the standard of living in order to State blocking some of its 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 price level and generates inevitably recession inflationary, exacerbating the general economic situation and common grumbling intended at the time of fighting the war on terror , and we desperately need the elements of economic stability. "
Saleh explained, "and here will enter the country in three crises, a financial crisis does not resolve the methods of 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 classes, the second price inflation and the deterioration of stability crisis caused by the deterioration of economic stability over the foreign currency and reduce the purchasing power of pensions and incomes of citizens exchange rate because of inflationary expectations and broadcast state of uncertainty and lack of confidence in Iraqi dinars. "
He added that the crisis , " the third will be a security crisis due to terrorism and the war on Daesh , " asserting that " the loser is the winner of the people and reduce the dinar and the dollar are the richest terrorism."
He pointed adviser to Prime Minister, that "inflation in Daesh areas and rising price inflation rates 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, a smart economic warfare practiced by the economic leadership in the victory soon."
" The government has reduced its expenses non - essential and frivolous and trivial, this is true but not exercised austerity policy of absolute Ktkulail salaries or pensions or social welfare and expenses of the war , the necessary investment process, and the internal and external borrowing to finance the budget is a process that is not {contractionary} as a deficit some claim it is a motivational process {stimulus} and expansive fight deflation. "
He said the "deflationary budgets that lead to economic recession are typically those in which the budget is balanced level of expenditure is less consistent and revenue potential which budgets really contractionary , " adding "but budgets that build on the deficit is financed the deficit by borrowing are the budgets of the expansive nature, especially the current fiscal policy in Iraq. "
" The domestic borrowing came in accordance with the vision of monetizing debt Baloam often {any public debt financing by expanding cash relatively basically} and not vice versa," he said . "The external borrowing same applies like any other external resources in revenues of oil in terms of impact expansion to calculate the incoming foreign flows on public spending and the money supply expansion according to the mechanisms known to specialists in monetary policy. "
He stressed adviser to the President of the Abadi, said that " the promotion of topics of economic argumentative incomplete civil in time of war and victory over terrorism is a converted miserable from a group of haters who want to weaken the state and rumor desperate , " noting that "there are anonymize programmed the Iraqi street process infuse the spirit of despair should beware of tables business promoted by forces driven by negative in suspicious circumstances is a positive financial victory and get out of the neck of the bottle, as well as the military victory and liberating the land and man from the clutches of terrorism. "
The Prime Minister Haider al - Abadi, said in the first of last April, said that " the financial crisis did not lead to the collapse of the dinar is not a big price inflation" .anthy

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