For the first time, the parliamentary finance admits: the government's decision to devalue the currency saved the country from collapse

For the first time, the parliamentary finance admits: the government's decision to devalue the currency saved the country from collapse



Policy  ,   2021/03/05 12:51  

Baghdad - Iraq today:

A member of the Finance Committee in Parliament, Jamal Cougar, confirmed that the Iraqi government's decision to reduce the value of the Iraqi currency against the dollar saved the country from a certain economic collapse, while noting that international bodies warned the Iraqi government of the consequences of the economic collapse.

In a televised interview, Jamal Cougar said, "The period before the devaluation was true to the budget deficit at the time of 100 trillion, and all indications were that the country was going to an economic collapse."

Cougar added, "The devaluation of the currency was one of the steps that stopped the economic collapse in Iraq, in addition to the procedures for printing currency and imposing taxes as well as compressing expenditures."

This is the first time that a member of the Finance Committee in the Iraqi Parliament makes such a statement that contradicts the opinion of his colleagues in the committee!



http://iraqtoday.com/news/49299/لأول-مرة--المالية-النيابية-تعترف--قرار-الحكومة-بتخفيض-قيمة-العملة-انقذ-البلاد-من-الانهيار