Eco

Title: Adnan Fayhan Calls for Further Economic Reforms to Mitigate Impact of Dollar Exchange Rate Hik

Title: Adnan Fayhan Calls for Further Economic Reforms to Mitigate Impact of Dollar Exchange Rate Hik

First Deputy Speaker of the Iraqi Council of Representatives Adnan Fayhan has called on the government to introduce additional reform measures to address economic challenges and strengthen financial stability, emphasizing the need to protect citizens from the consequences of the dollar exchange rate increase.

Speaking during an expanded meeting attended by the Prime Minister, the Minister of Finance, and the Governor of the Central Bank, Fayhan said the government's decision to raise the dollar exchange rate, adopted as part of efforts to address the country's economic situation, directly affects citizens' living conditions and has broader implications for the national economy.

He urged the government to clarify the measures taken to reduce the decision's impact on low-income households and vulnerable social groups. He also stressed the importance of strengthening market oversight and price controls to prevent consumers from bearing additional economic and social costs.

Fayhan further underscored the need to pursue additional economic and financial reforms, affirming that parliament would support serious and responsible measures aimed at reforming the national economy, safeguarding citizens' interests, and serving the Iraqi peop