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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

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    The Financial Committee gives "the final say" about the fate of changing the price of the dollar in

    Rocky
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    The Financial Committee gives "the final say" about the fate of changing the price of the dollar in Empty The Financial Committee gives "the final say" about the fate of changing the price of the dollar in

    Post by Rocky Mon 15 Mar 2021, 8:47 am


    [size=30]The Financial Committee gives "the final say" about the fate of changing the price of the dollar in the budget

    2021-03-15
    [/size]
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    Yes Iraq: Baghdad

    The Parliamentary Finance Committee highlighted the possibility of changing the price of the dollar again in the budget and its implications, stressing the difficulty of re-changing the pricing.
     
    Committee member Jamal Cougar said in a press statement that "the Central Bank and the Ministry of Finance cannot reduce the exchange rate again for several reasons, including that the main goal of increasing the dollar was to reduce the deficit and operational expenditures of the government in the general budget."
     
    He continued, "One of the other reasons is that the general budget is designed on the price of the new dollar, and there are projects and commitments, and therefore when you ask to change the dollar, meaning you require changing the entire budget from A to Z," noting that "the calls for changing the price of the dollar are based on the rise in the price of oil. When there is no guarantee that oil prices will remain high.
     
    Cougar pointed out that "there are a lot of people affected by the rise in the price of the dollar, and therefore they may resort to court when it is reduced again as a result of the damage they have suffered," pointing out that "changing the price of the dollar again by the bank will confuse the market because of the presence of investors and contractors with The government will distrust the central bank as a result.
     
    Cougar believes that "the Central Bank and the Ministry of Finance are not ready to go and change the dollar for all these reasons," noting that "the Ministry of Finance and the Central Bank are specialists in financial policy and they have many reasons for not changing the price of the dollar."
     
    The Central Bank of Iraq had decided to raise the price of selling the dollar to banks and exchange companies to 1460 dinars, from 1182 dinars to the dollar, with the aim of compensating for the decline in oil revenues caused by the deterioration of oil prices.
     
    It is noteworthy that all the prices of materials and commodities witnessed a significant increase in the local market, which sparked a strong wave of discontent among the popular circles and some of the political bloc, as well as the objections of some interested in economic affairs
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