Advisor to the Prime Minister: There is no shortage of currency liquidity, and the government is very careful about two things[You must be registered and logged in to see this image.]
Baghdad Today - Baghdad
Today, Thursday (November 2, 2023), the advisor to the Prime Minister, Amer Al-Adad, denied that there was a shortage of financial liquidity in hard currency with the government.
Al-Adad said in a televised statement followed by "Baghdad Today", "Money is available, including hard currency, through oil sales and the central bank's currency auction."
He explained, "Electronic payment points allow a person to pay with an electronic payment card at points of sale in order to increase the transparency of the movement of money in the country and preserve public money. It is part of a larger program to shift to electronic banking and bring savings from homes to the banking system."
He added, "At this stage, the number of electronic payment cards in Iraq may range between 7 to 9 million cards, and we expect it to grow further with the imposition of collecting fees. We are in a transitional period so as not to confuse the market, after which the electronic payment system will be emphasized."
Al-Adad stated, "The economic reforms in the current government are characterized by seriousness and follow-up. In the reform program, we found that the targets do not match the goals, and we set new targets for each goal."
He stressed, "Collection is the duty of the state; but this type of contract has been transferred to the private sector, and the experience of electronic collection of electricity has been largely successful and this has been proven in Anbar, and investment depends on reforming the banking system."
He pointed out that "the government of Muhammad Shiaa Al-Sudani is very cautious regarding the issue of the people's assets, lands, and residential complexes, and is working on a real plan to support prices."