Iraqi affairs researcher Qasim Balshan showed these days, Sunday, that mismanagement and politics have negatively affected the price of the Iraqi dinar towards the dollar.
Balshan stated in an interview with dinaropinions.com that “the modern-day mismanagement and politics have negatively affected the price of the Iraqi dinar against the dollar, which has made costs volatile and risky in Iraq.”
He mentioned that “until this second, nobody specialized within the area of currencies and banking has been chosen to manage the vital bank of Iraq properly,” noting that every one those selected belong to certain political blocs.
He delivered, “whilst the vital financial institution of Iraq offers the dollar on the market, we notice that residents are a long way from the problem and the sale is restricted to some organizations and banks.”
He talked about that “the Iraqi cash that comes from selling oil does not pass directly to the Iraqi government, however alternatively to the united states Federal Reserve, which is the one that handles these topics.”
He brought, “The political disputes and crises, the terrible distribution of wealth, and the lack of real funding are what caused the deterioration of the Iraqi dinar towards the dollar.”
