Controversy over the dollar in Iraq..Expectations of a price increase and the government reassures!

Controversy over the dollar in Iraq.. Expectations of a price increase and the government reassures!

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The exchange rate is volatile and the dollar is rising against the dinar, which is putting the Iraqi economy in great challenges, raising fears of a possible financial crisis. While the government confirms the stability of monetary policy, experts warn of the impact of financial restrictions and increased spending on market stability, stressing the need for urgent reforms to ensure the sustainability of the economy. The advisor to the Iraqi Prime Minister, Dr. Mazhar Muhammad Salih, said that "the government is not currently considering amending the exchange rate equation or what is known as "monetary adjustment", denying the speculations circulating in this regard. Salih explained, in an interview with (Al-Mada), that these rumors are not based on realistic foundations within the current monetary policy, stressing that the monetary sector in Iraq enjoys clear stability.