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The Sulaymaniyah Chamber of Commerce is in the process of adopting the Iraqi dinar in its dealings and expectations of a stable exchange rate
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2023-02-12 04:47
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Shafaq News/ A parliamentarian from Sulaymaniyah Governorate announced, on Sunday, that the Sulaymaniyah Chamber of Commerce and Industry will adopt the Iraqi dinar in its daily dealings, expecting the exchange rate to stabilize soon after the reform steps of the Central Bank of Iraq.
"The steps of the Central Bank of Iraq and the Prime Minister of Iraq were in the right direction, and they had the blessing of the US Federal Bank," Briar Rashid said during a press conference attended by Shafaq News Agency in Sulaymaniyah.
He added, "After the joint statement of the Central Bank of Iraq and the US Federal Bank, the exchange rate of the dollar will stabilize significantly, since the content of the seven points that were agreed upon provides for the adoption of a banking system in financial transactions," stressing that "adopting this system will contribute to addressing many financial problems." .
Rashid also indicated that "the Sulaymaniyah Chamber of Commerce and Industry is trying with other concerned parties to adopt the dinar in all daily dealings related to the life of the citizen, such as buying and selling, loans and investments, since the Iraqi citizen's imports are in dinars, and transactions must be in dinars so that he is not harmed in the event of instability." price of foreign currencies.
Regarding the draft budget for the year 2023, Rashid said, "The draft is still with the Ministry of Finance, and the Kurdistan Region delegation arrived last night to discuss some issues related to the region's share, and after completing the process, the draft will be sent to the Economic Council, after which it will go to the Council of Ministers and at that time it will be presented as a draft to the Iraqi Parliament."
He pointed out that, "Sending the draft budget was delayed a lot, as it was expected to arrive in January or early February, but for many reasons, including fluctuations in the dollar exchange rate, the issue of resolving the budget was delayed."
Regarding the stability of the dollar price in the markets, Representative Briar Rashid expected, "The dollar price will soon stabilize at the government exchange rate or a little more."
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-02-12 04:47
Share
Font
Shafaq News/ A parliamentarian from Sulaymaniyah Governorate announced, on Sunday, that the Sulaymaniyah Chamber of Commerce and Industry will adopt the Iraqi dinar in its daily dealings, expecting the exchange rate to stabilize soon after the reform steps of the Central Bank of Iraq.
"The steps of the Central Bank of Iraq and the Prime Minister of Iraq were in the right direction, and they had the blessing of the US Federal Bank," Briar Rashid said during a press conference attended by Shafaq News Agency in Sulaymaniyah.
He added, "After the joint statement of the Central Bank of Iraq and the US Federal Bank, the exchange rate of the dollar will stabilize significantly, since the content of the seven points that were agreed upon provides for the adoption of a banking system in financial transactions," stressing that "adopting this system will contribute to addressing many financial problems." .
Rashid also indicated that "the Sulaymaniyah Chamber of Commerce and Industry is trying with other concerned parties to adopt the dinar in all daily dealings related to the life of the citizen, such as buying and selling, loans and investments, since the Iraqi citizen's imports are in dinars, and transactions must be in dinars so that he is not harmed in the event of instability." price of foreign currencies.
Regarding the draft budget for the year 2023, Rashid said, "The draft is still with the Ministry of Finance, and the Kurdistan Region delegation arrived last night to discuss some issues related to the region's share, and after completing the process, the draft will be sent to the Economic Council, after which it will go to the Council of Ministers and at that time it will be presented as a draft to the Iraqi Parliament."
He pointed out that, "Sending the draft budget was delayed a lot, as it was expected to arrive in January or early February, but for many reasons, including fluctuations in the dollar exchange rate, the issue of resolving the budget was delayed."
Regarding the stability of the dollar price in the markets, Representative Briar Rashid expected, "The dollar price will soon stabilize at the government exchange rate or a little more."
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