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[size=45][size=41]Sudanese financial advisor defends the decision: the dinar is a sovereign symbol[/size]
13 hours ago
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13 hours ago
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The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the main objective of the monetary policy of the Central Bank is to maintain the stability of the purchasing power of the Iraqi dinar, indicating that the circulation of another currency in the markets hits the centers of the local economy.
Salih said in a press interview seen by “Takadam” that “the primary objective of the monetary policy of the Central Bank under Central Bank Law No. (56) of 2004 is to maintain the stability of the purchasing power of the Iraqi dinar, the stability of the general level of prices and the reduction of inflation.”
Saleh added, "The circulation of another currency, whether the dollar or something else, leads to striking the centers of the local economy," noting that "the Iraqi dinar is a symbol of the country's sovereignty."
And he pointed out that "the aim of the recent central bank procedures, related to preventing trading and pricing in dollars, came to eliminate the speculation process in the exchange rate," calling for "an emphasis on dealing in the Iraqi dinar."
And he indicated that “the aim of the central bank’s procedures is to achieve stability in prices and the stability of monetary incomes and not to expose citizens’ monetary rights from their incomes and wealth to a state of turmoil, which is generated by the use of another country’s currency within the national economy.”
The advisor noted that "dual currency is one of the most dangerous financial issues facing the countries of the world, and there is no stable country that deals with two currencies
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