12:28 - 2023-07-28
The Parliamentary Finance Committee confirmed that there is no official justification for the rise in the value of the dollar against the dinar, while attributing the occurrence of the problem to the lack of dollar supply and rumors prevailing in the market.
Committee member Dr. Nermin Maarouf said that the lack of dollar supply by the Central Bank and the rumors circulating in the market and social networking sites affected the decline in the value of the Iraqi dinar against the US dollar, but in conclusion there is no official decision to raise the value of the dollar against the dinar, suggesting the rise in the value of the dinar. In the near future.
The representative of the National Union parliamentary bloc added that the Iraqi government is forced to put the dollar in its possession from the sale of oil to the market and replace it with dinars, in order to distribute salaries and complete projects, which leads to an increase in the supply of the dollar in the market and thus a decrease in its value, noting that the entry into force of the budget law He, too, will contribute to the rise in the value of the dinar against the dollar, because according to the Federal Budget Law, the price of one hundred dollars has been set at one hundred and thirty thousand dinars.
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