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Economist: We do not need to restructure the currency, but rather to replace it radically
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[rtl]Baghdad / NINA / - The expert in economic affairs, Raad Twij, said: "The Iraqi currency needs a radical replacement, not restructuring by deleting zeros."
Twig said in a statement to the National Iraqi News Agency / NINA /: “We do not need to restructure the currency by deleting its zeros, as it is a wrong concept. The exchange rate increased by 26%, the inflation rate increased by 7.6%, and the printing rate was 77%.
The economic expert called on the Central Bank to set clear economic and financial plans to control the rise in the dollar exchange rate to avoid the collapse of the currency, as happened in Lebanon, Turkey and Iran./End 8[/rtl]
Twig said in a statement to the National Iraqi News Agency / NINA /: “We do not need to restructure the currency by deleting its zeros, as it is a wrong concept. The exchange rate increased by 26%, the inflation rate increased by 7.6%, and the printing rate was 77%.
The economic expert called on the Central Bank to set clear economic and financial plans to control the rise in the dollar exchange rate to avoid the collapse of the currency, as happened in Lebanon, Turkey and Iran./End 8[/rtl]
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