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Iraqi Party Warns Against Inflation And Urges Action

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rafidayn24 Oct 07, 2026
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Iraqi Party Warns Against Inflation And Urges Action

Amid current economic developments and their direct impact on daily living, the Islamic Daawa Party issued an official statement on Wednesday highlighting the risks of fluctuations in the value of the Iraqi dinar against the US dollar. The party explained that this disparity has resulted in a wave of high prices across local markets, leading to a noticeable decline in citizens' purchasing power and raising genuine concerns about potential negative repercussions on social and political stability. Despite acknowledging the complex circumstances and major challenges facing the state, including the fallout from regional crises and legacy financial deficits, the party emphasized the need for swift action to control the situation. It called on relevant authorities to implement radical solutions to the economic crisis without harming the basic rights of citizens and their ability to secure daily necessities. Furthermore, the official stance included clear calls to eradicate the root causes of the crisis by boosting domestic production, combating financial and administrative corruption, regulating import operations, and intensifying field monitoring of markets to ensure price stability. The party also addressed merchants and businessmen, urging them to fulfill their national and ethical roles, cooperate positively to overcome this critical stage, and refrain from monopoly and exploiting the difficult living conditions faced by the people.