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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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Raising the dollar, raising the state’s profit by 22 trillion dinars, and reducing the value of sala

rocky
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Raising the dollar, raising the state’s profit by 22 trillion dinars, and reducing the value of sala Empty Raising the dollar, raising the state’s profit by 22 trillion dinars, and reducing the value of sala

Post by rocky Wed 30 Jun 2021, 7:33 am


[size=30]Raising the dollar, raising the state’s profit by 22 trillion dinars, and reducing the value of salaries by 22%.. Finance Committee: The economy will collapse in one case


2021-06-30
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 Yes Iraq: Baghdad

The Parliamentary Finance Committee revealed that raising the dollar exchange rate against the dinar caused 22 trillion Iraqi dinars to be provided to the state treasury, and the purchasing value of salaries was reduced by 22 % at the same time.
 
While the committee member, Representative Jamal Kougar, refused, in a press statement, “to hold Parliament responsible for changing the dollar exchange rate as a decision that contributed to raising the prices of the Iraqi market,” he stated that “the issue was taken based on the directions of the Central Bank, and the political blocs were briefed on the repercussions of the economic situation in Iraq.” At that time, the possibility of repeating last year’s scenario in financial distress.”
And he shows, that “the government saved by raising the price of the dollar 22 trillion dinars, and it was required to achieve half of it to bridge the salary deficit, and therefore it saved the remaining half at the expense of the citizen,” noting that “the harm to the citizen from this decision came as Iraq is a consumer country.” It is not produced and all goods from agriculture to industry are imported through import.
 
Cougar went on to say that “the damage to the citizen was from three sides, namely the decrease in the purchasing power of salaries by 22%, the rise in prices, as well as the instability of the market; Because of the conflicting statements about the possibility of the dollar returning to its previous position or not.
 
On the other hand, Cougar considered the statements made by some deputies regarding the possibility of the Iraqi economy collapsing because of the dollar "inaccurate."
Cougar added, "Iraq is a country rich in its oil resources, and the price of a barrel earlier reached $20, and the economy did not collapse."
He pointed out that "one case makes us face the collapse of the economy, which is the collapse of the political process, since the issue will be related to the state's facilities and its entire sectors."
And Cougar said, "Iraq is witnessing on the economic side a recovery through an increase in bank reserves and an increase in oil prices, with government efforts to fight corruption."
He noted, "Current indicators confirm that Iraq is going for the better, and it is not correct to say that we are going to collapse."
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