August 2, 2021 | banking

Al-Zubaidi calls for benefiting from oil revenues, outlets and high taxes to raise the value of the local currency


Baghdad / NINA / - The independent candidate, Thaer Munir Al-Zubaidi, demanded to take advantage of oil revenues, outlets and high taxes to raise the value of the local currency.

He said in a press statement that the large revenues from the rise in oil prices, border crossings, taxes and others require the government and its concerned parties to consider the value of the local currency and work to raise it against other foreign currencies.

Al-Zubaidi added that what the local market witnessed of a great increase in commodities, especially basic ones, which was the result of the devaluation of the local currency, had a clear impact on the livelihood of citizens, especially those with limited income, whose suffering increased.

He stressed the importance of making the most of the increase in revenues to end the deficit and raise the value of the local currency, which lifts the financial and economic reality from its current conditions to a new reality that serves the people of the country in general.

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