The top Minister’s monetary consultant, Mazhar Mohammed Salih, confirmed on Thursday that Iraq has witnessed a terrific economic transformation during the last three years, notwithstanding the gathered monetary challenges and issues of preceding years.
Saleh told dinaropinions.com, “The u . s . a . is presently experiencing monetary stability, obvious in rate stability and inflation rates ultimate below manage, no longer exceeding three%.”
He defined that “this stability is due to two major elements, the first of that’s the giant help furnished with the aid of the general finances for charges, which quantities to about thirteen% of the gross home product,” noting that “this support includes vital sectors inclusive of gasoline, farmers, and the food basket for citizens.”
He explained that “the second issue is the stability of the authentic dinar change price, as most import operations at the moment are transferring toward the professional charge, in light of the considerable decline in the dollar price in the parallel market and its fluctuations.”
