Al-Moussawi: devaluation of the dinar against the dollar will exhaust the citizen and compresses the living level
December 21, 2015

Economy/Baghdad

The Deputy said the National Alliance Abd al-Husayn al-Musawi that the Central Bank's decision to reduce the value of the dinar in the ratio 1.3% will exhaust the citizen and presses on the living level in particular low-income and poor owners.

And between Al-mousawi told the News Agency obtained our economy "was the first to think of alternatives to distract us from this outcome, which will increase the suffering of disadvantaged and low-income families, as pressure unnecessary expenses and activation regulatory mechanisms for blocking corruption and waste of public money and resources and the fate of non-oil revenue obtained from the citizen, as a fee, and the reflected public sector sales, profits, taxes but absent presence in budget lines as a supportive income."

"The investigation and the fate of those revenues that holds citizen commitment without a role in the consolidation of the balance is required and necessary, noting that" the executive authorities and supervisory cooperation in disclosing their fate will provide convenient alternatives to unsustainable decisions increase the suffering of our people, "al Saber.

The CBI had announced reduced the value of the dinar against the us dollar.
The Bank said in a statement earlier from now that "raise the selling price of the dollar so banks and exchange houses 16 dinars, or 1.37 percent, to 1182 DT"



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