[size=30]The current dollar price will remain for the next five years
[/size]The government is determined to achieve its goal by setting three main goals [You must be registered and logged in to see this image.]The current dollar price will remain for the next five years[You must be registered and logged in to see this link.]
Erbil (Kurdistan 24) - Today, Sunday, August 15, 2021, the Parliamentary Finance Committee determined that the exchange rate of the dollar would remain at its current status, while indicating that raising the exchange rate aims to achieve three main factors. Committee member Naji al-Saidi said, in a press statement, 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 towards the dinar, in addition to the purchasing power of the Iraqi dinar and what produces goods and net 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 public 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 devaluation of the dinar has 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 currency is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will rise and fall, because it Iraqi exports from abroad are declining.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, while the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.