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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    After resolving the dollar crisis.. Kurdish demands to expedite approving the budget

    Rocky
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    After resolving the dollar crisis.. Kurdish demands to expedite approving the budget Empty After resolving the dollar crisis.. Kurdish demands to expedite approving the budget

    Post by Rocky Wed 08 Feb 2023, 5:32 am

    After resolving the dollar crisis.. Kurdish demands to expedite approving the budget



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    2023-02-08 02:43
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    Shafaq News / On Wednesday, Kurdish citizens called for resolving the outstanding differences regarding approving the federal budget for the current year, especially after taking guarantees from the United States of America regarding the stability of the dollar price.



    Kamran Ahmed (owner of a store that sells sanitary materials) saw, during his interview with Shafaq News agency, that approving the federal budget will contribute significantly to increasing the market movement here in Kurdistan, as well as in the central and southern regions of Iraq.
    Ahmed added, "The approval of the budget will provide job opportunities for the unemployed in the central and southern regions, as well as will move the stalled projects, and at that time there will be a movement of the economy in those areas, and this movement will reflect positively on Kurdistan, by increasing and revitalizing the tourism movement in Sulaymaniyah and the rest of the regions of the region, thanks to Improving the economic reality in the central and southern regions of the country.
    14% of the budget
    In turn, Luqman Kakai told the agency, "The approval of the budget in agreement with the regional government will guarantee a legal share of no less than 14%, and these funds will move the economy here as well as restore life to many stalled projects after the region's budget was cut by successive Baghdad governments since 2014.
    Kakai called on the Kurdish forces to "unify discourse and visions and go to Baghdad with a delegation representing all the Kurdish forces to demand the region's share of the federal budget in accordance with the Iraqi constitution."
    Goods' prices
    For his part, citizen Farhad Akram noted that "approving the budget at a new exchange rate for the dollar will contribute to reducing the prices of basic and luxury goods by no less than 30% from their current price, and this stability does not take place until after approving the budget and adopting a new exchange rate for the dollar."
    On the other hand, the spokesman for the dollar market in Sulaymaniyah, Jabbar Goran, stated that "the exchange rate of the dollar against the Iraqi dinar will be 135 thousand dinars for every 100 US dollars in the Kurdistan region and Iraq."
    Goran said, in a press conference, attended by the agency, that "the reason for the dollar's rise in Iraq was political, but now the central bank has received full guarantees from the United States, which caused the dollar's price to decline."
    He added, "Submitting the Iraqi budget bill for the year 2023 at a price of (130) thousand dinars for every (100) dollars means the stability of the exchange rate in the market, but until the budget is approved, the value of the dollar will fluctuate."
    Goran expressed regret that citizens suffered losses as a result of the dollar's fluctuation, while a number of banks and politicians made "huge profits," while urging citizens "not to buy dollars unless they need them so as not to cause confusion in the market."
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