Representative economy: the difference in the exchange rate of the dollar against the dinar will be used to bridge the financial gap

Representative economy: the difference in the exchange rate of the dollar against the dinar will be used to bridge the financial gap

Tuesday 16 February 2021 | 09:47 am

Representative economy - the difference in the exchange rate of the dollar against the dinar will be used to bridge the financial gapA member of the Parliamentary Economic and Investment Committee, Hamed Al-Mousawi, confirmed that the difference in the exchange rate of the dollar against the dinar will be used to bridge the financial gap, pointing out that the state is going towards supporting the private sector to attract the largest number of unemployed and graduates .

Al-Mousawi said, “The difference in the exchange rate of the dollar after the government’s decision to reduce the value of the dinar against the dollar has reached 12 trillion dinars, as this amount will be invested to fill the budget deficit .”

He added, “The high exchange rate of the dollar against the dinar will not be used to increase expenditures as desired by the government, but rather will be invested to bridge the financial gap .”

And that “the government is going towards supporting the private sector in order to attract the largest possible number of unemployed and graduates, in light of the deficit suffered by the budget and salaries that amounted to 53 trillion dinars.”

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