17 Hrs
Source:
الشرق الأوسط
Baghdad Blames Tehran and Washington for Economic Squeeze
The article discussed the current economic situation in Iraq, focusing on the government's decision to devalue the dinar to 1,520 against the dollar, which led to a divergence in the market between the official exchange rate and the parallel market rate, which reached 1,650 dinars. This measure resulted in rising prices of basic goods and had political repercussions and popular protests, with calls for market stability and protection of citizens' incomes. Suspicion was raised about possible security or legal interventions, but official authorities confirmed that the exchange rate issue is being addressed through financial mechanisms and the Central Bank, denying any involvement by security forces. Meanwhile, the Prime Minister faces the possibility of legal accountability from Parliament. The article concluded that devaluing the currency is a conventional measure taken by countries facing crises, but its impact requires effective economic solutions to ensure market stability and safeguard citizens' livelihoods.
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