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Neno's Place Established in 2006 as a Community of Reality


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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


    Al-Sudani: The previous government did not take measures to protect citizens from the effects of cha

    Rocky
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    • Post n°1

    Al-Sudani: The previous government did not take measures to protect citizens from the effects of cha Empty Al-Sudani: The previous government did not take measures to protect citizens from the effects of cha

    Post by Rocky Wed Feb 08, 2023 7:38 am

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    Baghdad - IQ  

    Prime Minister Muhammad Shia Al-Sudani said, on Tuesday, that the previous government headed by Mustafa Al-Kadhimi "did not take measures to protect citizens from the effects of changing the exchange rate."
    Al-Sudani stated in a press conference held after a regular session of the Council of Ministers, during which the government agreed to adjust the exchange rate to be 1,300 dinars against one dollar, and was followed by IQ NEWS, that “economic reform was included in the government’s priorities due to the shock caused by the ill-conceived change in the exchange rate in 2021, because The damage of the exchange rate hike has become compounded on citizens after the rise in food prices.


    He added, "The previous government did not take measures to protect citizens from the effects of changing the exchange rate, which affected even middle-income people, and as a result of which all economic facilities stopped."

    And the prime minister continued: "We were surprised, in the first month, by the existence of obligatory obligations related to the dollar sale mechanism agreed upon two years ago between the government and the central bank with the US Federal Bank."
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    And he added, "We took quick measures regarding the issue of the currency sale window, but it takes time, and merchants are looking for an unofficial dollar parallel to the dollar that is sold through the currency sale window, and we do not deny the existence of currency smuggling."

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    Muhammad Shiaa al-Sudani explained, "The delay in the general budget is due to this crisis and its solutions, and we will restore the numbers placed in the budget, and there is an impact on the deficit percentage in light of the price difference for the exchange of the dollar, and the state bears the damage, not the citizen, and the negative effects of any decision borne by the state."
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    He said, "The budget will be a mirror reflective of the government program, and it contains important steps towards development and urgent projects that the citizen needs."[/size]
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