25 Jan. (EUROPA PRESS) –
Dozens of protesters took to the streets of the Iraqi capital, Baghdad, on Wednesday to protest the devaluation of the dinar against the US dollar and to ask the Iraqi government to intervene urgently to prevent an even greater economic crisis in the country.
The demonstrators, coming from different central and southern governorates, have protested with flags and banners in front of the Central Bank of Iraq heavily guarded by security forces, according to the INA news agency.
The Prime Minister of Iraq, Mohamed Shia al Sudani, dismissed the governor of the Central Bank, Ali Mohsen al Alaq, on Monday and appointed Mustafa Majaif as head of the institution in his place after issuing a series of measures in an attempt to stabilize the exchange rate between the dinar and the dollar.
Al Sudani also appointed Bilal al Hamdani as the new head of the Commercial Bank of Iraq after ordering the early retirement of Salem Jawad al Chalabi. Al Sudani promised since his arrival to be able to stabilize the economic situation of the country.
Iraqi Foreign Minister Fuad Hussein announced last week in statements to the Kurdish television channel Rudaw that an Iraqi delegation will visit the United States in February to discuss fluctuations in the exchange rate with the dollar.
The Central Bank of Iraq announced in December 2020 a devaluation of the currency to face the liquidity crisis, although the depreciation of the dinar was a setback for the population, which faced an increase in prices and an increase in the price of the standard of living.
