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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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Parliamentary Finance: What the government has achieved by changing the dollar exchange rate is grea

rocky
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Finance - Parliamentary Finance: What the government has achieved by changing the dollar exchange rate is grea Empty Parliamentary Finance: What the government has achieved by changing the dollar exchange rate is grea

Post by rocky Sat 21 Aug 2021, 2:52 pm

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A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed on Saturday (August 21, 2021) that changing the dollar exchange rate against the Iraqi dinar, and returning it to its previous rate, is a government decision that has nothing to do with the House of Representatives, explaining that the government achieved the purpose of raising the price.
Cougar said, in a statement to  IQ News , that "changing the dollar exchange rate does not fall within the powers of the House of Representatives, but rather is the exclusive competence of the executive authority, specifically, the authorities concerned with drawing up monetary policy in the country, the Ministry of Finance and the Central Bank."
He added that "those parties found a need to move towards raising the dollar exchange rate to prevent an economic collapse at a time when international oil prices were witnessing a sharp decline and the outbreak of the Corona pandemic," noting that "the deficit of the 2021 budget law before raising the exchange rate was 100 trillion, but it decreased after the price was raised." ".
He explained that "the government achieved nearly 20 trillion dinars from raising the exchange rate, while it was planned to achieve a cash benefit less than what has been achieved now," stressing that "there is a possibility to restore the dollar exchange rate in the 2022 budget bill in the event that global oil prices continue to rise." ".
Earlier, the Central Bank announced a change in the dollar exchange rate to 1145 dinars per one dollar, after it was approximately 1119 dinars.
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