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President of the Republic Abdel Latif Gamal
Economy News - Baghdad
On Monday, President Abdel Latif Rashid denied the existence of a “dollar crisis” in the country.
Rashid stated in a television interview followed by “Al-Iqtisad News” that “Iraq’s situation now is good in terms of security, and this is greatly reflected in economic stability. Until a few years ago, we suffered from the repercussions of security instability on the economy, and we are ready to implement the government’s program that aims to To improve infrastructure in all fields, including energy, water, housing, roads, bridges, etc.
Regarding the country's economic situation, and his recent visits to Azerbaijan and Armenia, the Iraqi president stressed "the need to attract investments from various friendly countries."
He continued: “At the same time, our focus is on providing services to the Iraqi people, as the country suffers from an old state of neglect, and the government is taking seriously to improve the service situation in terms of education, health, agriculture and other fields. We encourage cooperation with investors, and starting energy, water and agricultural projects, not Especially since Iraq’s budget is now better than before.”
In response to what is being raised about the dollar crisis in Iraq, Rashid stressed that there is no dollar crisis, and that the issue is related to the change in the dollar exchange rate from time to time.
He added, "Until recently, Iraqi markets were open to any foreign currency, and this does not help the Iraqi currency. Therefore, we took some measures to strengthen the dinar's strength and control the market."
The Iraqi President stressed that his country's economic situation is good, both on the general level and on the individual level, but at the same time he pointed out that there are problems related to unemployment and others: "We hope to improve the situation and encourage the private sector to contribute to providing job opportunities for university graduates."
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