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Cougar: The government is not ready to change the dollar's exchange rate... and the reason?
- Time: 11/25/2021 22:59:38
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{Economic: Al Furat News} A member of the Finance Committee in the former parliament, Jamal Kougar, said that the government is not ready to change the exchange rate of the dollar against the dinar.
Cougar told {Euphrates News}, "The consequences of changing the currency exchange in the country require a professional evaluation. It is not in the citizen's interest to change the exchange rate, and it is not in the government's interest to increase the poverty line."
He stressed that "the government today is not ready for change because the operating budget takes the majority of the allocations, and today it is increasing."
He pointed out that "the government has not implemented major reforms. We can say that it has achieved the equivalent of the price of change."
And Finance Minister Ali Allawi said in a statement yesterday that "the international community supported the exchange rate adjustment," noting that "the change in the exchange rate prevented the layoffs of thousands of employees."
He pointed out that "the change in the exchange rate helped protect the reserves of the Central Bank and provided job opportunities in the market," stressing that "the reassessment of the value of the dinar will have an opposite effect," noting that "the positive effects of the currency adjustment began to appear."
Raghad Daham
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{Economic: Al Furat News} A member of the Finance Committee in the former parliament, Jamal Kougar, said that the government is not ready to change the exchange rate of the dollar against the dinar.
Cougar told {Euphrates News}, "The consequences of changing the currency exchange in the country require a professional evaluation. It is not in the citizen's interest to change the exchange rate, and it is not in the government's interest to increase the poverty line."
He stressed that "the government today is not ready for change because the operating budget takes the majority of the allocations, and today it is increasing."
He pointed out that "the government has not implemented major reforms. We can say that it has achieved the equivalent of the price of change."
And Finance Minister Ali Allawi said in a statement yesterday that "the international community supported the exchange rate adjustment," noting that "the change in the exchange rate prevented the layoffs of thousands of employees."
He pointed out that "the change in the exchange rate helped protect the reserves of the Central Bank and provided job opportunities in the market," stressing that "the reassessment of the value of the dinar will have an opposite effect," noting that "the positive effects of the currency adjustment began to appear."
Raghad Daham
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