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[size=36]A new statement by the Finance Committee on the price of the dollar .. Will it remain at its current status?[/size]
political| 12:46 - 15/08/2021
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Baghdad - Mawazine News
The Parliamentary Finance Committee determined, on Sunday, that the exchange rate will remain at its current status, while indicating that raising the exchange rate aims to achieve three main factors.
Committee member Naji al-Saidi said, according to the official agency, that "the exchange rate will remain in place during the next period for the next five years, on the description that the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar, in addition to the purchasing power of the Iraqi dinar and the resulting net goods and services during a certain period."
He continued, "The government is firm in achieving its goal by defining three main goals: the first is financial, which is to reduce the deficit in the general budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from neighboring countries, and this The main goal that the government seeks by filling the budget deficit.
He pointed out that "the decrease in the value of the dinar increased the competitiveness of the Iraqi price on the description that goods that come from abroad, especially Turkey, Iran, Syria, Saudi Arabia and Jordan, benefit from the strength of the Iraqi dinar against the dollar because the dollar is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will rise and fall." Because it reduces Iraqi exports from countries abroad." Ended 29/A 43
The Parliamentary Finance Committee determined, on Sunday, that the exchange rate will remain at its current status, while indicating that raising the exchange rate aims to achieve three main factors.
Committee member Naji al-Saidi said, according to the official agency, that "the exchange rate will remain in place during the next period for the next five years, on the description that the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar, in addition to the purchasing power of the Iraqi dinar and the resulting net goods and services during a certain period."
He continued, "The government is firm in achieving its goal by defining three main goals: the first is financial, which is to reduce the deficit in the general budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from neighboring countries, and this The main goal that the government seeks by filling the budget deficit.
He pointed out that "the decrease in the value of the dinar increased the competitiveness of the Iraqi price on the description that goods that come from abroad, especially Turkey, Iran, Syria, Saudi Arabia and Jordan, benefit from the strength of the Iraqi dinar against the dollar because the dollar is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will rise and fall." Because it reduces Iraqi exports from countries abroad." Ended 29/A 43
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