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Deputy: The Minister Of Finance Has Set Three Conditions To Reduce Dollar Prices
01/03/2022
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01/03/2022
35
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Earth News/ A member of the House of Representatives from the State of Law coalition Jassem Al-Alawi confirmed today, Tuesday, that Finance Minister Ali Abdul Amir Allawi set 3 conditions to restore the dinar exchange rate against the dollar to what it was in the past during a session hosted by him.
Al-Alawi said in a statement received by “Earth News” that “hosting the Minister of Finance yesterday was aimed at taking steps to reduce the exchange rate of the dollar against the dinar during the next stage,” noting that “Allawi indicated that the survival of the dollar exchange rate is due to the imbalance in the economic situation, and it cannot be That there is another decision to reduce the exchange rate.”
He added, "The Minister of Finance confirmed that the war on (ISIS), the decrease in foreign reserves in the Central Bank, the (Corona) epidemic, the high ceiling of expenditures and the lack of non-oil imports are among the reasons that led to the high exchange rate during the last stage, which prompted the Finance Ministry to take this decision to improve the situation. Instead of resolving chaos, as happened in some neighboring and regional countries.”
He cautioned that “taking a new decision to reduce the exchange rate comes only by ensuring financial abundance and improving the economic situation after adopting clear reforms, including diversifying non-oil revenues, automating the customs systems and border crossings, and enacting new laws whose mission is to preserve national wealth such as oil and other minerals.”
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Al-Alawi said in a statement received by “Earth News” that “hosting the Minister of Finance yesterday was aimed at taking steps to reduce the exchange rate of the dollar against the dinar during the next stage,” noting that “Allawi indicated that the survival of the dollar exchange rate is due to the imbalance in the economic situation, and it cannot be That there is another decision to reduce the exchange rate.”
He added, "The Minister of Finance confirmed that the war on (ISIS), the decrease in foreign reserves in the Central Bank, the (Corona) epidemic, the high ceiling of expenditures and the lack of non-oil imports are among the reasons that led to the high exchange rate during the last stage, which prompted the Finance Ministry to take this decision to improve the situation. Instead of resolving chaos, as happened in some neighboring and regional countries.”
He cautioned that “taking a new decision to reduce the exchange rate comes only by ensuring financial abundance and improving the economic situation after adopting clear reforms, including diversifying non-oil revenues, automating the customs systems and border crossings, and enacting new laws whose mission is to preserve national wealth such as oil and other minerals.”
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