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[size=45][size=41]Parliamentary Finance explains the impact of approving the budget on the exchange rate during the coming period[/size]
16 hours ago
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16 hours ago
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A member of the Finance Committee in the House of Representatives and financial expert, Nermin Maarouf, considered, on Saturday, that the entry into force of the budget will be a stabilizing factor for the value of the Iraqi dinar, especially since the money from selling oil in dollars will be disbursed into the Iraqi dinar.
Nermin Maarouf added, in a press interview seen by “Takadam”, “If you redistribute the budget of 200 trillion dinars to the economic sectors, the Central Bank must pay more than 10 trillion dinars per month to the government for expenditures.
And she stressed, “the need for merchants to work through electronic portals to return the dinar to the Central Bank, although the Central Bank confirms that there will be no problems with the shortage of the dinar.”
And the finance member added, “If the central bank can meet the market’s demand and put an end to the black market, the value of the dinar will stabilize, but this cannot be done in one day and it will take several months.”
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