Parliamentary Finance reveals who is behind the dollar’s rise … Two surprising prices

Parliamentary Finance reveals who is behind the dollar’s rise … Two surprising prices

12/27/2020 15:20:23

Parliamentary Finance reveals who is behind the dollars rise ... Two surprising prices{Baghdad: Al Furat News} The Parliamentary Finance Committee revealed who is behind the raising of the dollar exchange rate against the dinar in Iraq.
Committee member Ahmed Hama Rashid said in a press statement, “The increase in the exchange rate of the dollar against the Iraqi dinar came based on a proposal made by both the Bank and the International Monetary Fund during a meeting between them and the Ministry of Finance two weeks ago to discuss finding solutions to the financial crisis that Iraq is going through “.
And, “The World Bank suggested raising the dollar exchange rate to 1660 dinars, while the International Monetary Fund proposed that the exchange rate for one hundred dollars be 130 thousand Iraqi dinars, but Iraq decided that the price would be 1450 dinars per dollar.”
It is noteworthy that the Iraqi Central Bank decided on 19 December to amend the dollar exchange rate, as follows:
1450 dinars per dollar, the price of buying foreign currency from the Ministry of Finance.
1460 dinars per dollar the selling price of foreign currency to banks.
1470 dinars per dollar the selling price of foreign currency to the public.
The federal government attributes the decision to raise the exchange rate of the dollar to 1,450 dinars, after it was 1,190 dinars to fill the financial deficit that the state suffers from, which aroused the discontent of citizens as a result of the high prices in the local markets in general.

alforatnews.com