Parliamentary Finance: The World Bank did not object to reducing the dollar’s ​​price

Parliamentary Finance: The World Bank did not object to reducing the dollar’s ​​price

12:18 – 24/03/2021

Parliamentary Finance - The World Bank did not object to reducing the dollars ​​priceThe information / Baghdad ..
The Parliamentary Finance Committee expected, on Wednesday, to agree to reduce the price of the dollar to 130 within the budget, indicating that the World Bank did not express any objection to reducing the price, unlike the Ministry of Finance, which is determined to harm the citizen.
“The market and the financial situation of Iraq bear a change in the exchange rate, contrary to what the Ministry of Finance claims, and it is possible to change the exchange rate in consultation with the Central Bank,” said a member of the committee, Abdul Hadi Al-Saadawi, in a statement to “the information”.
Al-Saadawi added, “The fair price for a dollar is 1300 dinars to one dollar, which is commensurate with the current circumstance. There are no forms for the World Bank at a price of 130 and insistence only from the Ministry of Finance.”
He explained, “The price change did not achieve any economic achievement. Rather, it increased poverty rates, harmed the middle class, and raised prices by more than 25%, especially basic commodities.”

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