After it was officially set at 1450 dinars to the dollar ... the Minister of Finance expects the ex

by **Rocky** Sat 19 Dec 2020, 3:38 pm

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After it was officially set at 1450 dinars to the dollar ... the Minister of Finance expects the ex

by Rocky Sat 19 Dec 2020, 3:38 pm

After it was officially set at 1450 dinars to the dollar ... the Minister of Finance expects the ex

599 Policy 2020/12/19 16:18 Baghdad Today -
Baghdad Finance Minister Ali Allawi expected, on Saturday 19-12-2020, the closest selling price to the local market after adopting the price of 1450 dinars per dollar in the 2021 budget. The minister said in an interview with Al-Iraqiya TV that "the Ministry of Finance will issue a statement at a later time to raise the exchange rate to 1450 dinars to one dollar." He added that "the price of the dollar set at 1450 will be the approved price of selling from finance to the central bank, and the margin that the central bank will add will not be large and may reach 1490 dinars against the dollar, which is the closest to the market price." And that "Parliament, the Parliamentary Finance Committee and the heads of the blocs have knowledge of the direction the government is taking." He added, "We will stop the appointments, and there is an exception for those that took place at the end of last year and early 2020," stressing that "the 2021 budget is reformist and no one can deny that." And he announced that an agreement had been reached with Kurdistan on the 2021 budget, indicating 'n' the existing delegation is discussing its allocations for the year 2020. Earlier, a member of the Parliamentary Finance Committee, MP Abd al-Hadi al-Saadawi, confirmed that the Iraqis will witness a near shock in which a new and large rise in the dollar exchange rate will occur. "The Central Bank of Iraq will raise the exchange rate of the dollar to 1450 Iraqi dinars on Sunday," Al-Saadawi said in a televised interview, which she followed (Baghdad Today), indicating that "what was leaked from the Ministry of Finance Thursday from a copy of the 2021 budget encourages traders to control the exchange rate." He added that "most of the money that goes out from the auction selling the currency comes out with false invoices claiming to buy things while the currency is smuggled out by buying unrealistic materials." And on the border crossings, a member of the Finance Committee indicated that "the state does not control the financial policy, and the evidence is that it does not control the ports that enter prohibited materials or outside specifications." Al-Saadawi stressed that "the government should take the initiative to agree with neighboring countries (Syria, Iran and Turkey) to stop dealing with 14 illegal outlets in the Kurdistan Region."

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