Parliament intends to reduce the dollar exchange rate in the budget
Parliament intends to reduce the dollar exchange rate in the budget
Thursday 28 January 2021 | 04:48 PM
The deputy for the Al-Fateh Alliance, Zahra Al-Bajari, confirmed, on Thursday, that the Finance Committee will present its proposals that it reached regarding the draft federal budget law for 2021 for the Presidency of Parliament next week, indicating that the Council seeks to reduce the exchange rate of the dollar in the budget .
Al-Bajari said that “the Finance Committee continues to hold its sessions to discuss the budget to amend the disputed paragraphs,” noting that “the loans that the government requested from the International Monetary Fund is questionable .”
She added that “there are observations on the government’s work and its request for a loan from the IMF, as the matter is surprising and unclear,” indicating that “the Finance Committee will present its proposals that it reached regarding the draft Federal Budget Law for 2021 to head Parliament next week .”
“Parliament is heading towards reducing the dollar exchange rate within the budget .”
aynaliraqnews.com
Economist: Reducing the dollar’s exchange rate to 1,300 dinars will serve the government and the people
09:22 – 01/28/20210
Economic expert Ihssan Al-Kinani said that the demands to reduce the dollar exchange rate to 1300 dinars will serve the government and the people at the same time, and will restore prices to normal without harming the citizen’s living situation.
Al-Kinani said to “the information”, that “Parliament disavowed the issue of the high exchange rate of the dollar against the dinar, which caused great harm to the citizen and the merchant as well, and plunged the country into an economic crisis.”
He added that “the demands of some political parties to reduce the exchange rate to 1300 instead of 1450 represents an ideal solution to the problems that the Iraqi citizen suffers from, as it is a mediating measure that the government and the people benefit from at the same time.”
And that “high oil prices are a positive factor to overcome the budget deficit, especially after the parliament has reduced many of its expenditures, as it is possible that Iraq ‘s economy and financial situation will recover in the event that oil prices continue to rise to more than $ 60 a barrel, as well as finding an effective treatment for Corona will increase Also from those prices, it is likely that next summer oil prices will reach $ 60 a barrel.
almaalomah.com/2021/01/28/517626/