The impact of changing the Iraqi dinar exchange rate towards the US dollar on the lives of citizens
17:37 - 14/03/2021
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Books / Al-Dulaimi Star
First, the change of the new exchange rate is nothing but the assassination of the national currency, the Iraqi dinar, and this means the assassination of [You must be registered and logged in to see this link.] and its national sovereignty. Secondly ... the failed finance minister, the president of the Central Bank of Iraq and the Minister of Planning ... work and implement the directives of the International Monetary Fund and the World Bank to crush the poor, the needy, and the oppressed in favor of the ruling mafia junta in occupied [You must be registered and logged in to see this link.] today, that is, in favor of only one percent, and against the interests of the vast majority of the Iraqi people, that is, against Out of 99 percent.
Third ... that the executive and legislative authority is also implementing the directives of the leaders of the parties, blocs and political currents that are influential today in power, and these implement the directives and interests of regional and international powers and not the interests of the vast majority of the Iraqi people and the foreign, is that the judiciary has a stand of silence and spectator about the work and activities of the ruling and brutal authority And supported regionally and internationally, it is really strange that this position contradicts the spirit and content of the constitution, which is full of contradictions starting from the first article of it, because the author of the constitution was not Iraqi, and the leaders of the political parties, blocs and influential political currents in the government gave only their formal remarks and did not object to it, according to the information. That Paul Bremer gave a large sum of money to all the members of the so-called Parliamentary Governing Council, and it is said 50 million dollars to each member of the Governing Council? Can the members of the Primerial Governing Council deny this?
Fourth ... that any national government and any real national minister works to strengthen the national currency, the dinar towards other currencies, because the strength of the national currency means the strength of the national economy and means the strength and respect of the Iraqi society and also means strengthening the sovereignty and national independence of Iraq, while the government of Al-Kazemi-Allawi has worked Quite the opposite, because they do not have freedom of opinion and national decision, they are like employees who work for regional and international powers and international institutions, including the International Monetary Fund and the World Bank, and implement their directives, which are against the interest of the Iraqi people. This is the foreign occupation of Iraq, these are the disastrous results of the ruling leaders who are looking for their interests only and have become millionaires and billionaires, and this money was stolen in many ways and with the knowledge of all the executive, legislative, judicial and media authorities ...
Fifthly, there are several goals to change the exchange rate of currency, that is, to reduce the value of the national currency, the dinar, in favor of the US dollar, and they are the following:
** There are influential forces, personalities and banks that have benefited and benefit from the devaluation of the national currency because they plundered the wealth of the Iraqi people in US dollars and Iraqi dinars, and therefore today they are practicing cheap and criminal financial business.
** The devaluation of the national currency of the dinar in favor of the US dollar is an unfortunate, ill-considered, unfair decision and revenge against the poor, the needy, the oppressed and those with limited incomes in the first place.
** The devaluation of the national currency, the Iraqi dinar, means a blow to destroy the national economy, because whoever does that has production and aims to export it, and this does not exist in [You must be registered and logged in to see this link.] because of the systematic destruction and sabotage of the industrial and agricultural sector and the rest of the other economic sectors, as there are more than 76 thousand industrial projects 70 percent is on hold or low productivity, and the state's 192 major industrial projects are on hold, for whose benefit is this being done? This is the systematic and systematic sabotage of the Iraqi national economy.
## There is a main goal of devaluing the national currency of the Iraqi dinar in favor of the green paper, which is that fat cats, whales, and dinosaurs are financial and administrative corruption in power and the leaders of the parties, blocs and political currents influential today in power will buy the state’s assets at a low price through a new exchange rate and this is what happened in The Russian Federation for the period 1992-1999, when 500 giant industrial enterprises were sold illegally and by decree of the always drunk Russian President Boris Yeltsin, as these enterprises were sold at a value of 7.3 billion dollars, and there is an estimate of the value of these government institutions at about 900 billion dollars, that is, they were sold. State institutions in the Russian Federation are cheap and at 7 percent less than their actual value.
## That the devaluation of the national currency of the Iraqi dinar in favor of the green paper means that citizens with limited incomes, both employees and retirees ... .. will lose between 40-50 percent of their cash income through the devaluation of the national currency of the Iraqi dinar and through the rise in the prices of goods and services and by imposing The income tax is illegal and unlawful, yet we note the absence of a real claim by employees, retirees, merchants, the earners, professors of Iraqi universities and institutes ... ... to return the exchange rate of the Iraqi dinar to the old price as a first step and not to demand the dismissal of the failed finance minister, head of the Central Bank of Iraq and the Minister of Planning ……,
## That the devaluation of the national currency towards the US dollar at a new exchange rate of 1450 is a humanitarian catastrophe looming for our Iraqi people on the national economy, and we must return to the old exchange rate in order to stabilize the security, economic, social, political and financial conditions. In contrast, and others, the Iraqi people will enter a spiral of chaos and failure. Stability and this is in the interest of the leaders of the political parties, blocs, and influential political currents today, in power, and they bear responsibility for all of that.
## That one of the most dangerous results of the Al-Kazemi-Allawi government’s policy in this neoliberal approach that is excessive in its brutality and aggression against the poor, the needy and the oppressed in favor of the ruling and brutal mafia junta that is supported regionally and internationally are: the growing rates of unemployment, poverty, misery, famine, organized crime, drugs, suicide, deliberate killing, especially among the youth, and organized sabotage. For the industrial, agricultural, education and health sectors, the absence of services, including electricity and water, the absence of appointments for the unemployed by a decision from international institutions, including the International Monetary Fund and the World Bank, the deepening of the social and economic gap in favor of the ruling political elite and the tightening of dependency on regional and international powers. Will our Iraqi people and their national, progressive and left-wing political forces, mass and professional organizations, and national, progressive and left-wing personalities accept this disastrous situation ?!
** The only and radical solution to the problem of the Iraqi people and to eliminate the danger of division and civil war for many reasons is to work to undermine the abhorrent system of quotas by all available and possible means. The near future will reveal to us many surprises about that?