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Parliamentary Finance talks about attempts to withdraw the Iraqi dinar from the local markets

chouchou
chouchou
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Parliamentary Finance talks about attempts to withdraw the Iraqi dinar from the local markets Empty Parliamentary Finance talks about attempts to withdraw the Iraqi dinar from the local markets

Post by chouchou on Thu 31 Dec 2020, 9:05 am

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The Parliamentary Finance Committee confirmed today, Thursday, that the new budget is the largest in the Arab world after Saudi Arabia, while the currency selling window was accused of “currency smuggling” according to a systematic work . 

A member of the committee, MP Muhammad Al-Darraji, said in a press statement, “The 2021 budget amounts to 164 trillion dinars, in which oil is set at $ 42 a barrel,” indicating that “salaries expenditures in the budget amount to 53.8 trillion dinars . 

He added, “The debts payable in the budget are estimated at more than 16 trillion dinars, pointing out that operating expenses amount to about 50 trillion dinars .” 

He pointed out that “the budget deficit amounts to 71 trillion dinars,” stressing that “the ration card allocations in the budget amount to 4 trillion dinars .” 

He explained, “The budget is devoid of job grades,” noting that “the 2021 budget does not differ from its predecessors except in numbers, as it is the second largest budget in the Arab world after Saudi Arabia .” 

On raising the dollar exchange rate, Al-Darraji said, “Parliament is not responsible for raising the exchange rate of the dollar against the dinar,” noting that “the window for selling the currency was a systematic process of currency smuggling .” 

He revealed “there are attempts to withdraw the Iraqi dinar from the local markets and put large quantities of the (green) dollar into the market,” noting that “these quantities come from the Kurdistan region .” 

He called on the government and security agencies to scrutinize the sale of hard currency and find out where the source of this dollar comes from, stressing that “the sums of sale of the region’s oil enter Baghdad illegally to take advantage of the currency difference .” 


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