Baghdad / Nina / Economist Safwan Qusai ruled out the collapse of the Iraqi dinar against the US dollar, as happened in Lebanon and Syria.
Qusai said in a statement to the Iraqi National News Agency ( NINA ): "There are unjustified fears that the Iraqi dinar will weaken against the US dollar, similar to what happened in Lebanon or Syria," noting: "Those who promote this are speculators in the Iraqi market that At least 100 million dollars a day flow to it, in addition to the existence of reserves with the Central Bank of Iraq, including at least 80 billion dollars, except for what is available with public and private banks and among Iraqis outside the banking system.
Qusai stressed: "The weakening of the Iraqi dinar will not be in the interest of the people and will confuse the special and general situation and impede financial and economic stability."
He added: "The lack of direct restructuring of the Iraqi economy and making it a diversified economy, and the continuation of the policy of internal and external borrowing, without building a clear strategy for repayment, will eventually lead to a comprehensive collapse that the Iraqi dinar will not be far from."
The economist continued: "We are waiting for the white papers for economic reform and starting to implement them so that we can avoid this financial and monetary collapse." / End 8
ninanews.com/Website/News/Details?Key=840944
Qusai said in a statement to the Iraqi National News Agency ( NINA ): "There are unjustified fears that the Iraqi dinar will weaken against the US dollar, similar to what happened in Lebanon or Syria," noting: "Those who promote this are speculators in the Iraqi market that At least 100 million dollars a day flow to it, in addition to the existence of reserves with the Central Bank of Iraq, including at least 80 billion dollars, except for what is available with public and private banks and among Iraqis outside the banking system.
Qusai stressed: "The weakening of the Iraqi dinar will not be in the interest of the people and will confuse the special and general situation and impede financial and economic stability."
He added: "The lack of direct restructuring of the Iraqi economy and making it a diversified economy, and the continuation of the policy of internal and external borrowing, without building a clear strategy for repayment, will eventually lead to a comprehensive collapse that the Iraqi dinar will not be far from."
The economist continued: "We are waiting for the white papers for economic reform and starting to implement them so that we can avoid this financial and monetary collapse." / End 8
ninanews.com/Website/News/Details?Key=840944