Iraqi Prime Minister Al-Zidi's Assessment on Economic Crisis and Borrowing
Iraqi Prime Minister Ali Falih Al-Zidi stated that the country's economy was under severe siege when they took office, and made statements regarding past economic crisis management.
Iraqi Prime Minister Ali Falih Al-Zidi made evaluations regarding the country's financial situation in his speech at the parliament and emphasized that they avoided populist steps during the economic crisis process.
Economic Situation Upon Taking Office
Iraqi Prime Minister Ali Falih Al-Zidi stated in his speech at the parliament that when they came to power, the economy was under a serious siege.
Difficult Options During the Crisis Period
Prime Minister Al-Zidi stated that there were three difficult options before them during the economic crisis period, but they strictly avoided populist steps during this process.
Financial Management and Salary Policy
Explaining the obstacles encountered in the management of public finances and salary payments, Al-Zidi noted that mandatory cuts and the spiral of borrowing were among the options.
Foreign Exchange Market and Speculations
Touching upon the fluctuations in the dollar-dinar parity, the Prime Minister noted that the price difference in the exchange rate was exploited by black marketeers and that this situation was prevented.
Trust Between the Public and the Government
Stating that malicious circles tried to create an environment of distrust between the government and the public, Al-Zidi said that these attempts were thwarted thanks to the common sense of the people.