Iraqi affairs researcher Qasim Balshan showed nowadays, Sunday, that mismanagement and politics have negatively affected the price of the Iraqi dinar against the dollar.
Balshan said in an interview with dinaropinions.com that “the cutting-edge mismanagement and politics have negatively affected the cost of the Iraqi dinar in opposition to the dollar, which has made prices risky and volatile in Iraq.”
He mentioned that “until this second, no person specialised within the field of currencies and banking has been selected to manipulate the critical bank of Iraq properly,” noting that each one those chosen belong to positive political blocs.
He added, “while the principal bank of Iraq gives the dollar on the market, we word that residents are far from the difficulty and the sale is restricted to a few companies and banks.”
He talked about that “the Iraqi money that comes from promoting oil does not move directly to the Iraqi authorities, however instead to america Federal Reserve, that’s the only that handles those matters.”
He brought, “The political disputes and crises, the negative distribution of wealth, and the dearth of actual funding are what led to the deterioration of the Iraqi dinar towards the dollar.”
