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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Planning: raising the price of the dollar caused an increase and cast a shadow over the poor

    Rocky
    Rocky
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    Posts : 264726
    Join date : 2012-12-21

    Planning: raising the price of the dollar caused an increase and cast a shadow over the poor Empty Planning: raising the price of the dollar caused an increase and cast a shadow over the poor

    Post by Rocky Mon 15 Mar 2021, 7:59 am

    Planning: raising the price of the dollar caused an increase and cast a shadow over the poor

    •  Time: 03/15/2021 12:49:05
       
    •  Read: 3,380 times

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    {Baghdad: Al Furat News} The Ministry of Planning indicated that the raising of the dollar price caused an increase and cast a shadow over the poor
    Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.] 
    A spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, told {Al-Furat News}, that "we do not have data on the loss caused by the approval of the fiscal budget for 2021," stressing that "the change in the exchange rate of the dinar against the dollar had side effects. One of these effects is the rise in the materials." In general, the food, consumer and construction materials, which rose in varying rates, led to an increase in inflation levels in the country by 2/4 over the past three months. "
    He continued, "During the period that has passed, the rise does not exceed one and a half percent, and as a result, when such a percentage occurs, which is 2/4, certainly some prices have risen, perhaps to 20% or less or more, and that this price increase has cast a shadow over the vulnerable and poor who live below the line." Poverty. Therefore, one of the important measures is how to maintain prices while providing the basic food or consumer materials needed by the Iraqi citizen with regard to the implementation of projects and their impact on the issue of raising the price. 
    On December 19, 2020, the Central Bank of Iraq decided to raise the exchange rate of the dollar against the dinar with the support of the Ministry of Finance, and it became official:
     1450 dinars per dollar is the purchase price of foreign currency from the Ministry of Finance.
    1460 dinars per dollar the selling price of foreign currency to banks.
    1470 dinars per dollar is the selling price of foreign currency to the public.
    The decision sparked a wave of anger in the Iraqi street as a result of the high prices of materials in general and their impact on low-income people.
    The Ministry of Finance attributed the decision to the government's attempts to address the stifling crisis that Iraq is witnessing as a result of low oil prices, to ensure protection of the economy and to achieve the reforms that it promised several months ago. 
    It is noteworthy that the representative of the coalition of Iraqis, Hassan Khati, announced the collection of parliamentary signatures to reconsider the exchange rate of the dollar after its negative impact on the local market. 
    Forgiveness Al-Khalidi
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