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[size=40]representative economic: the conditions are ready to adjust the exchange rate and the oil barrel in the budget[You must be registered and logged in to see this link.] On 3/3/2021 - 2:46 PM 162[/size]
A member of the Parliamentary Economic and Investment Committee, Mazen Al-Faili, confirmed today, Friday, that the conditions are ready to adjust the exchange rate of the dollar against the Iraqi dinar, as well as the price of a barrel of oil in the draft Federal Budget Law for the year 2021.
Al-Faily said, “The conditions are in place to restore or reduce the exchange rate of the dollar. In front of the Iraqi dinar in the draft budget, but it is difficult to achieve this in light of the completion of the draft formulation, discussion and study in the Parliamentary Finance Committee. Therefore, we need to reformulate the project and this is not possible.
He added, "There is a tendency to raise the price of a barrel of oil in the draft budget law in view of the high prices in the global markets," stressing that "the current price contributed to the availability of large financial revenues for the state."
The First Deputy Speaker of Parliament, Hassan Al-Kaabi, had called on the Ministry of Finance to amend the exchange rate of the dollar, because citizens were harmed by the current price.
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Al-Faily said, “The conditions are in place to restore or reduce the exchange rate of the dollar. In front of the Iraqi dinar in the draft budget, but it is difficult to achieve this in light of the completion of the draft formulation, discussion and study in the Parliamentary Finance Committee. Therefore, we need to reformulate the project and this is not possible.
He added, "There is a tendency to raise the price of a barrel of oil in the draft budget law in view of the high prices in the global markets," stressing that "the current price contributed to the availability of large financial revenues for the state."
The First Deputy Speaker of Parliament, Hassan Al-Kaabi, had called on the Ministry of Finance to amend the exchange rate of the dollar, because citizens were harmed by the current price.
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