Report

rss

Iraq News

Kurdistan

Economy

World

All News

Al-Sadr calls for "centralizing" currency market to counter dinar's depreciation 

Category: Iraq News

Date: 2022-02-17T16:59:37+0000
Al-Sadr calls for "centralizing" currency market to counter dinar's depreciation 

Shafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, on Thursday cracked a list of recommendations he believes it might contribute to leaching the valotile exchange rate of the U.S. dollar against the Iraqi dinar.

The hand-written list shared by the firebrand Shiite cleric included summoning the minister of finance and the governor of the Central Bank of Iraq "Immediately". 

Al-Sadr called for halting currency smuggling by force, organizing and centralizing the currency market, and enacting laws that boost the national currency. 

The Sadrist leader called for scrutinizing the activity of some banks that belong to "persons controlling the currency like al-Sharq al-Awsat (the Middle East), al-Qabedh, and al-Ansari, and other private banks," and "dealing firmly with the banks affiliated with some political parties controlling the people and the land."

Yesterday, al-Sadr said in a tweet that the Iraqi citizens shall not be burdened by the downsides of the dinar devaluation, calling on the Iraqi government to take firm steps to curb the rise of prices. 

"Raising the exchange rate of the dollar, regardless of its upsides and downsides, shall not bring the prices of the commodities, particularly the basic ones, higher," al-Sadr tweeted. 

Al-Sadr called for holding the traders who tamper with the prices of the goods accountable, "particularly, with the holy month of Ramadan around the corner."

related

Al-Sadr: I stand by the people's choice

Date: 2022-07-14 09:44:17
Al-Sadr: I stand by the people's choice

CF to hold an emergency meeting later today

Date: 2022-05-16 11:27:54
CF to hold an emergency meeting later today

Al-Sadr: We extend our hands to the framework's supporters, not leaders

Date: 2022-08-12 10:16:27
Al-Sadr: We extend our hands to the framework's supporters, not leaders

After meeting the Coordination Framework, al-Sadr insists on forming a "majority government"

Date: 2021-12-02 13:41:06
After meeting the Coordination Framework, al-Sadr insists on forming a "majority government"

Al-Sadr instructs the Sadrist MPs not to attend the president election 

Date: 2022-02-05 09:03:29
Al-Sadr instructs the Sadrist MPs not to attend the president election 

Al-Maliki warns of abolishing the election results

Date: 2021-11-17 21:49:33
Al-Maliki warns of abolishing the election results

Al-Sadr: the recent events in the US proved the "falsity" of Western democracy

Date: 2021-01-07 15:33:38
Al-Sadr: the recent events in the US proved the "falsity" of Western democracy

In the aftermath of the Peshawar terror attack, Al-Sadr calls for "closing ranks"

Date: 2022-03-04 14:03:15
In the aftermath of the Peshawar terror attack, Al-Sadr calls for "closing ranks"