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[size=36]A new statement from the Parliamentary Finance on changing the exchange rate and compensating those affected[/size]
Political| 12:56 - 19/03/2021
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BAGHDAD - Mawazine News
The Parliamentary Finance Committee commented, on Friday, on compensation for those affected by the change of the exchange rate.
The committee's rapporteur, Ahmad al-Saffar, said, according to the official agency, that "all Iraqis are affected by the change of the exchange rate, and it is not permissible to compensate one group and leave another category," noting that "the change in the exchange rate has led to inflation in the market and a reduction in the purchasing power of the Iraqi dinar, and everyone has become He was affected because prices rose and real income decreased, which is no longer able to bring in the same previous consumer basket. "
Al-Saffar added that "the compensation process is the prerogative of the government and not the parliament, so the parliament cannot distinguish between one category and the other for compensation," noting that "Parliament left this task to the government because it is responsible for dealing with the effects of changing the exchange rate.
He explained that "the public debt is divided into two parts, internal debt and external debt, and that the internal debt is in the Iraqi dinar from the borrowing stage to the repayment stage. As for the external debt, it is paid in dollars." Ended 29 / A 43
The Parliamentary Finance Committee commented, on Friday, on compensation for those affected by the change of the exchange rate.
The committee's rapporteur, Ahmad al-Saffar, said, according to the official agency, that "all Iraqis are affected by the change of the exchange rate, and it is not permissible to compensate one group and leave another category," noting that "the change in the exchange rate has led to inflation in the market and a reduction in the purchasing power of the Iraqi dinar, and everyone has become He was affected because prices rose and real income decreased, which is no longer able to bring in the same previous consumer basket. "
Al-Saffar added that "the compensation process is the prerogative of the government and not the parliament, so the parliament cannot distinguish between one category and the other for compensation," noting that "Parliament left this task to the government because it is responsible for dealing with the effects of changing the exchange rate.
He explained that "the public debt is divided into two parts, internal debt and external debt, and that the internal debt is in the Iraqi dinar from the borrowing stage to the repayment stage. As for the external debt, it is paid in dollars." Ended 29 / A 43
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