Eco
The Parliamentary Finance Committee has put forward a proposal for printing the national currency to provide necessary liquidity for salaries and government expenditures. The committee affirmed that increasing the US dollar exchange rate would not constitute an effective solution to the current financial crisis. According to statements from committee member Jamal Kojar, the government requires approximately 7.8 trillion dinars monthly to meet its financial obligations. Kojar clarified that the financial crisis was not unexpected, pointing to limited oil exports, confined to quantities shipped through the Kurdistan Region. Kojar added that solutions proposed by the Minister of Finance, such as selling real estate to settle debts, would not provide sufficient funds, as he believes they would not exceed 7 trillion dinars, inadequate to address the crisis fundamentally. He indicated another option available: pursuing corrupt individuals and recovering stolen funds, returning them to the state treasury. He stressed this measure could significantly alleviate financial pressure. In the same context, Kojar warned against selling state assets at this time, describing this option as extremely dangerous, as it could lead to exploitation and sales below true market value. Kojar reiterated that raising the dollar exchange rate would not be an effective solution under current circumstances, renewing his proposal to print currency as the fastest measure to secure required liquidity for salaries and public spending.
