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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


    Changing the dollar price in the budget reaches a "height of complexity": an alternative solution th

    Rocky
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    • Post n°1

    Changing the dollar price in the budget reaches a "height of complexity": an alternative solution th Empty Changing the dollar price in the budget reaches a "height of complexity": an alternative solution th

    Post by Rocky Sun 21 Mar 2021, 8:33 am


    [size=30]Changing the dollar price in the budget reaches a "height of complexity": an alternative solution that mediates fixing the price or completely dismantling the budget

    2021-03-21
    [/size]
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    Yes Iraq: Baghdad

    The file of changing the price of the dollar in the budget is still escalating towards seriousness, until it reached the threat of some blocs to boycott the vote completely on the budget in the event that the previous pricing was not returned, after the delay in passing the budget in Parliament on Saturday, and postponing it to next Saturday.
     
    After the escalation of claims and threats not to pass the budget in the absence of adjusting the price of the dollar, the Finance Committee confirmed more than once the inability to change the price of the dollar in the budget, and the difficulty of taking this measure.
    Committee member Jamal Cougar said in previous press statements, that “there is no amendment to the exchange rate of the dollar in the budget, and the change is not within the powers of the committee or parliament,” indicating that “changing the exchange rate of the dollar means changing the budget completely and changing resources, expenditures and deficits will be large, and the one affected by The amendment will demand compensation and confuse the market, and people will lose confidence in the central bank, and this is very difficult. ”
     
     Alternative solution!
    However, the Parliamentary Economic and Investment Committee proposed an alternative solution, indicating that changing the exchange rate does not require dismantling and reshaping the budget again.
    Committee member Mazen Al-Faily said in a press statement followed by "Yes Iraq", "The talk about reducing the dollar's price is serious and cannot be undone, and it is supported by many political blocs, and if it is not implemented, the political blocs will boycott the sessions."
    He added, "The current price of the dollar has hurt the simple citizen and raised the prices of goods significantly, as it can be reduced mathematically by raising the speculative price of oil in the budget and setting the dollar price at about 1250 per dollar at the very least."
    Faily pointed out that "the budget does not need to be dismantled, but rather it needs to reduce the deficit and raise additional items in the budget, most notably the pressure of government expenditures significantly."
     
    It is still unknown whether the price of the dollar will be subject to amendment already or not, especially with the existence of disagreements between the blocks about the possibility of going for this step or not, as well as the threat of the Minister of Finance to resign in the event of any new manipulation of the exchange rate.
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