Kurdistan News Agency
An Independent National News Agency

Iraqi government criticized for failing to raise the value of the Iraqi dinar 

Baghdad, July 14 (Aknews) – The departing Iraqi government has faced criticism from economists for failing to increase the value of the Iraqi dinar despite the rise in oil prices on the international market.

The dinar continues to suffer from it's significant difference in value from the hard currencies and this divide has been blamed on the lack of financial planning by Iraq's governmental economic institutions.  

Iraqi economist, Taher Yasin said today that the appropriate governmental institutions need to look seriously at the activation of the necessary frameworks that would lead to the development of the position of the Iraqi dinar on the international market.

"The problem of the Iraqi currency remaining the same despite high oil prices is due to the lack of economic awareness in the country, as well as the arbitrary decisions taken previously by the Iraqi government." Yasin observed.

Yasin further commented that this would be all the more pertinent in light of the opening of Iraqi markets in the region.

It is Yasin's belief that Iraq's economic prosperity and the strengthening of the Iraqi dinar are being hampered by financial problems resulting from the government's past decisions and lack of financial planning.  

rn/ka (AKnews)     

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