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THE MINISTER OF FINANCE DISCUSSES THE IMPACT OF THE DOLLAR EXCHANGE RATE ON THE COUNTRY'S ECONOMY
Wednesday, February 24, 2021 4:15 PM
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[You must be registered and logged in to see this image.]Wednesday, February 24, 2021 4:15 PM
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Baghdad / National News Center
Today, Wednesday, the Minister of Finance, Ali Abdul-Amir Allawi, discussed the impact of the dollar exchange rate on the country's economy.
The media office of the Minister of Finance stated, in a statement received by the "National News Center", that the latter chaired "an expanded meeting to discuss the objectives achieved by changing the currency exchange rate today, Wednesday, at the Ministry's headquarters."
He added, "The meeting reviewed and discussed the positive effects of changing the dinar exchange rate against the dollar and the effect of that step on re-balancing the Iraqi economic reality burdened with challenges and obstacles and protecting it from the risk of collapse."
He added, "The meeting also discussed mechanisms to change the investment environment, support the private sector and support industry and agriculture in line with corrective measures for the course of the national economy."
And he added, "The meeting discussed the encouraging measures related to the work of the banking sector and its contribution to providing support to the various productive sectors, as well as procedures for automating the tax and customs system and simplifying all administrative processes in line with the adoption of the white paper."
According to the statement, the Minister of Finance listened to "most of the problems raised by representatives of the private sector and industrialists."
While he stressed that "the Ministry of Finance has taken several measures in support of the effects of changing the exchange and is continuing to work on translating them effectively to protect the poor classes, in conjunction with the approaching vote of the House of Representatives on the draft general budget bill."
The statement concluded that the meeting was "attended by the agents of the ministries of finance and planning, advisor to the office of the prime minister, Abd al-Hussein al-Anbaki, the financial advisor to the Ministry of Finance, a number of general directors and heads of bodies and a group of representatives from the private and industrial sector."
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