Conflicting news about the exchange rate confuses the street … and calls to quit auctions

Conflicting news about the exchange rate confuses the street … and calls to quit auctions

2021-03-25

Conflicting news about the exchange rate confuses the street ... and calls to quit auctionsReport: Alsumaria News: The
conflicting news about reducing the exchange rate of the dollar against the dinar has cast a shadow over the price in the local markets. At a time when parliamentarians ruled out the possibility of reducing the exchange rate of the dollar against the dinar at the present time or even next week, another indicated the difficulty of passing the paragraph related The exchange rate in the federal budget in the event that it is not reduced to the old price.

Representative from the State of Law coalition Hussein al-MalikiHe ruled out the possibility of reducing the exchange rate of the dollar against the dinar at the present time or even next week, indicating that what is being proposed today through the media regarding reducing the price are statements only and were a reason to confuse the street.

Al-Maliki said in an interview with Alsumaria News, “The rule of law and from the first moment to raise the exchange rates, has announced its rejection of that step as it was an incorrect step,” indicating that “the budget was prepared on the exchange rate decided by the Central Bank and the government, and therefore it cannot be reduced at the time.” Present”.

Al-Maliki added, “The price reduction will be after the vote on the budget through the pressure of the House of Representatives and the rise in oil prices globally and the availability of liquidity and financial abundance, then the central bank can review the exchange rate and it can then be reduced, but it will not be the same as the surprise of the rise that occurred from 121 to 146 Rather, the decrease will be gradual by one or two points, and so on until the required price is reached, “noting that” all the current statements through the media have confused the street and the price of the dollar on the street has become less than the central bank rate. ”

He stressed that “all that is presented today through the media are statements only. It is not possible to reduce the price of the dollar at the present time and it cannot be reduced next week, because the budget will be approved next Saturday on this price despite the presence of some points of disagreement in it, given that it is long overdue and includes appointments and the citizen’s sustenance.” And investment projects and social welfare allocations, “calling on everyone to” leave the auctions and disputes in order to pass the budget, and in the event of a desire to reduce the exchange rate, pressure in this money can be made after the budget is approved. ”

For his part, a member of Parliament, Qusay Abbas Al-Shabky, confirmed the difficulty of passing the paragraph on the exchange rate in the federal budget if it was not reduced to the old price.

Al-Shabaki said in an interview with Alsumaria News, “The division still exists between the political forces regarding some articles of the federal budget bill, whether on the issue of the exchange rate or the region’s share.” During the collection of signatures that took place in recent days to reduce the exchange rate. ”

Al-Shabaki added, “The Financial Committee was more appropriate in the first moments of discussing the budget to work on adjusting the exchange rate and calculating all budgetary measures on the basis of the reduced price, and not the new one, because the amendment, if made at this time, will confuse the situation and return the budget to the government to re-draw it according to The old exchange rate “pointing out that”

He pointed out that “we will continue to press, and we believe that the first paragraph in the budget that includes in one of its items the exchange rate of 1450 will not pass easily and there will be strong objection hindering its passage due to the presence of more than 100 deputies who signed the reduction of the exchange rate,” stressing that “the poverty in the country is great.” Very, how can an individual obtain his strength in light of high prices? The government has to be more realistic and global oil prices have risen, and it is possible to address the deficit through an increase in the price of oil and not to impose the citizen on this matter. ”

alsumaria.tv