Abadi adviser responds to the demands of the Iraqi government's reduction of the dinar

Shafaq News / Description of the appearance of the financial adviser to the Prime Minister, Haidar Abadi, on Friday to reduce the value of the zero Iraqi dinar against the US dollar that it has destructive consequences deepen the financial crisis experienced by the country because of the decline in the price of oil in world markets.

"Unfortunately, there are parties and figures working to promote the idea of ​​the deterioration of the Iraqi dinar exchange rate and the deterioration of the standard of living and the stabilization of the stability in order to impose an urgent monetary tax affecting all segments of the people," Saleh said in a statement to the twilight news. Which is inflation and the deliberate deterioration of the standard of living in order to fill the state some of its deficit without thinking to generate revenues from outside oil revenues. "

He pointed out that "devaluation of the Iraqi currency by reducing the exchange rate of the dinar against the dollar, for example, will add in its destructive consequences a negative impact on deepening the effects of the financial crisis, a new crisis of inflation in the general level of prices and generates an inflationary recession, aggravating the general economic situation and discontent It is a time when we are fighting the war on terror and we are in dire need of the elements of economic stability. "

He added that the devaluation of the dinar "will enter the country in three crises: a financial crisis does not solve the rapid monetary policy methods such as reducing the Iraqi dinar exchange rate as the dollar campaign and the dollar and dollar tycoons of the rich, who fight against the power of the people and the misery of the poor and low income and the second: a crisis of price inflation and deterioration of stability The economic crisis caused by the deterioration of the exchange rate against foreign currency and the reduction in the purchasing power of pensions and incomes of citizens because of inflationary expectations and the spread of uncertainty and distrust of the Iraqi dinar and the third: a security crisis because of terrorism and war on the oppressor. T is the people and the winner of the devaluation of the dinar are the rich dollar and terrorism. "

He concluded by saying that "we do not forget that inflation in the areas advocated and the high rates of price inflation there to 3 decimal places and the deterioration of the standard of living has accelerated the victory over the stability of the standard of living in the rest of Iraq, a smart economic war exercised by the economic leadership in the victory of the urgency."