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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 denies the trend to reduce the exchange rate

rocky
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parliamentary - Parliamentary Finance denies the trend to reduce the exchange rate Empty Parliamentary Finance denies the trend to reduce the exchange rate

Post by rocky Mon 27 Jun 2022, 5:28 am

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[size=52]Parliamentary Finance denies the trend to reduce the exchange rate[/size]

[size=45]Yesterday, Sunday, the Parliamentary Finance Committee denied the existence of a tendency to return the dollar exchange rate to its previous position, stressing that the current conditions do not allow such a step.[/size]
[size=45]Committee member Jamal Cougar said, "Changing the exchange rate by increasing it or returning it to what it was in the past is outside the jurisdiction of the House of Representatives."[/size]
[size=45]Cougar added, "The process belongs to the Ministry of Finance and the Central Bank, as they are responsible for monetary and fiscal policies."[/size]
[size=45]He pointed out, "The economic situation in Iraq does not allow the dollar to return to its previous price," noting that "oil revenues have increased, but in return there are debts owed by Iraq of no less than 100 trillion dinars, both internally and externally."[/size]
[size=45]Cougar called, "not to rely too much on the current rise in oil prices and plan on it," warning that "this rise was caused by the war between Russia and Ukraine, and with the end of this crisis, oil may return to its previous state."[/size]
[size=45]Cougar finds, "Any change in the exchange rate will lead to economic problems. There are investors who have contracted according to the current price and by reducing it, they will demand compensation."[/size]
[size=45]For his part, a member of the Wisdom Movement, Fadi Al-Shammari, said in a statement received by Al-Mada that "talking about changing the exchange rate is unrealistic and a media bid to lure people's emotions at the expense of the truth."[/size]
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    Current date/time is Thu 06 Oct 2022, 2:51 am