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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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After his justifications are gone, calls to reverse the decision to raise the price of the dollar

rocky
rocky
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After his justifications are gone, calls to reverse the decision to raise the price of the dollar Empty After his justifications are gone, calls to reverse the decision to raise the price of the dollar

Post by rocky Fri Sep 24, 2021 10:56 pm

[size=52]After his justifications are gone, calls to reverse the decision to raise the price of the dollar[/size]

[size=45]The decision of the Central Bank of Iraq at the beginning of this year, to raise the price of the dollar against the dinar, is still the talk of the Iraqi street and political forces, especially with the approaching parliamentary elections, and the focus of most political forces on this part due to its direct connection to the citizen’s power, as political parties considered that The reasons for this decision have been negated after the disappearance of all the justifications for taking it through the high sales of the Central Bank of hard currency in the currency auction and the swinging of mechanisms to protect the local product after opening the import of a number of goods and merchandise from time to time, the last of which was the opening of the import of table eggs.[/size]
[size=45]Member of the Parliamentary Committee on Economy and Investment, Mazen Al-Faili, confirmed that all the political and economic forces that previously supported the decision to raise the price of the dollar against the dinar, we see today cannot defend or justify it, while indicating that three parties bear the responsibility for this hasty, incorrect or considered decision.[/size]
[size=45]Al-Faili said that “the decision to raise the price of the dollar against the dinar bears its consequences on the Iraqi people and economy, three parties,” noting that “the Ministry of Finance, the Central Bank and the parliamentary forces that supported the decision are all responsible to the Iraqi people for the negative consequences of the decision.”[/size]
[size=45]Al-Faili added, “The central bank is administratively an independent authority, but it is actually supposed to be linked to the House of Representatives, as there are some independent authorities associated with the government, so the justifications of some in passing the exchange rate because of the independence of the Central Bank is an unacceptable excuse,” noting that “ The damages of the decision have become clear to everyone, and the parties that previously supported the decision politically and economically today cannot defend it after all the justifications for its implementation have vanished.[/size]
[size=45]Al-Faili pointed out that “the budget when it was voted on did not include an explicit text approving the new exchange rate, but all of its items were built on the basis of the price of 1460 dinars to the dollar, which means implicit acceptance of the new rate. And if the political blocs rejected the matter, they could simply drop this matter And not to vote on it,” stressing that “everyone today agrees that the decision to raise the exchange rate was a wrong and ill-considered decision and did not achieve any positives, as unemployment rose and the price of the market increased. “.[/size]
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