Parliamentary warnings against printing a new monetary mass after the deterioration of the dinar

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Parliamentary warnings against printing a new monetary mass after the deterioration of the dinar

Independent MP Nazem Al-Shibli cautioned against printing a new currency bloc, warning that the rising dollar harmed poor citizens’ livelihoods and daily needs.

During an interview with [publication name], Al-Shibli expressed concerns about the governor’s inability to manage monetary policy and how such a failure could lead to the devaluation of the Iraqi dinar.

Central Bank Governor Ali Al-Alaq failed to manage the crisis and could not stabilize the Iraqi dinar’s value. Printing a new monetary mass will lead to adverse damage.

He pointed out that the rise of the dollar directly impacted the daily lives and livelihoods of ordinary Iraqis and criticized the Central Bank for failing to address this issue effectively.