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The first government meeting to discuss the implications of the devaluation of the Iraqi dinar
11/3/2021 17:38:
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The government committee formed for the purpose of studying the implications of changing the dollar exchange rate against the Iraqi dinar held its first meeting on Thursday.
The Ministry of Planning said in a statement, "The committee formed according to Cabinet Resolution No. 63 of 2021, which will study the consequences of changing the currency exchange rate, held its first meeting at the Ministry of Planning."
The meeting was chaired by the Technical Undersecretary of the Ministry of Planning, Maher Hammad, and attended by the Administrative Undersecretary Azhar Hussein Saleh, the President of the Iraqi Contractors Union, Ali Al-Sanafi, and representatives of the Ministries of Electricity, Finance, Housing, Construction, Municipalities, the Central Bank of Iraq and the National Investment Authority.
The Undersecretary of the Ministry of Planning said, "This committee was formed to study the effects of changing the exchange rate of the dollar against the dinar, and to propose the required solutions, as far as the matter is related to investment projects." Ministers to decide. "
Representatives of the parties participating in the meeting presented a presentation of investment projects, methods of contracting with implementing companies, and mechanisms for payment of dues of these companies, whether those dues were unpaid debts or unspent advances, according to the statement.
The statement also said, "The committee will continue its meetings in the coming days, to develop the solutions and proposals required, to address the effects of changing the exchange rate on investment projects."
The change of the local currency exchange rate against the dollar had caused an increase in prices in the local markets, which citizens complained about, especially the low-income segment.
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