12/27/2020 10:40 The number of readings is 6466 Section: File and Analysis
Sumaisem: America will not pump dollars into Iraq, and dealings will be in the digital currency .. and Baghdad is forced to comply with the recommendations of the international monetary
Baghdad / Obelisk: Economic expert Salam Sumaisem said on the devaluation of the Iraqi dinar, that the dollar will be drained from its source in the US Treasury, which will replace it with digital electronic money, Digital Dollar.
Sumaisem added to the obelisk: We will then see how the smuggling of dollars continues, noting that only Iraq and its people will be the losers, and that whoever trades in the Iraqi dinar will not benefit in anything.
Sumaisem told Al-Masalla that draining the sources requires that there be a shortage of dollars that are pumped into the markets, referring to the issue of pursuing political money, as the financial decision-makers say that they cannot dry up the sources,
but America, for example, has gone through the same crisis, especially after the decline The US dollar fell a week ago on the global market by 8%, which prompted the Treasury to stop pumping more dollars into the US market itself.
Sumaisem considered that the Iraqi concerned authorities do not know how to act with the crisis.
Rather, they acted in a bad way in reducing the price of the Iraqi dinar against the dollar.
Sumaisem said, "It is true that this provides liquidity, but it will not solve the crisis."
And she continued: America, for example, is now moving to the stage of digital money, which is digital money, and thus it will not pump more dollars into Iraq until it becomes scarce, and then it can pump a dollar digitally and when it pumps a dollar digitally, dealing in it will be different from dealing in the cash dollar because it will not be within reach.
That every dollar has a number and circulation in it between the seller and the buyer is known and limited.
It will also change the whole world, and for Iraq it will be a pivotal change.
Sumaisem revealed that the Minister of Finance signed a blank statement that he would implement all the recommendations of the International Monetary Fund.