Government Advisor Outlines Strategies to Strengthen National Currency Through E-Payment and Economic Diversification

The Financial Advisor to the Iraqi Prime Minister, Mudhar Mohammed Salih, affirmed the government's commitment to implementing comprehensive strategies to maintain the purchasing power of the dinar and curb inflation rates. He explained that the exchange rate stabilization policy primarily aims to protect the external value of the national currency and control prices in local markets, noting the effectiveness of monetary policy in mitigating the impact of the parallel market. He pointed out that pressures facing the currency stem from several factors, including uncontrolled monetary expansion and overreliance on oil revenues. He emphasized that strengthening the dinar requires a long-term reform path involving economic diversification, boosting foreign reserves, and expanding the use of electronic payment tools within the financial inclusion plan.