Will the dollar exchange rate be changed? Maliki’s coalition responds

Will the dollar exchange rate be changed? Maliki’s coalition responds

MONDAY, 11/01-2021,PM 12:52

Iraqi Dinar-DollarToday, Monday, the State of Law coalition confirmed the possibility of reducing the exchange rate of the dollar against the Iraqi dinar.

A member of the State of Law Coalition, Abdul-Hadi Al-Saadawi, said, “Increasing the price of the dollar against the dinar did not achieve its goal announced by the government, including creating job opportunities for the unemployed and providing housing units for citizens who do not have housing units and other matters related to reviving the economic situation in the country.”

He added, “Due to the high price of a barrel of oil, the exchange rate can be restored at a slightly higher rate than the previous one to settle at 125,000 dinars per $100,” noting that “this level will create a balance between the old price and the new price, as it will not affect the economy of the poor classes.” and fragile,” according to Baghdad Today.

Al-Saadawi pointed out that “the decision to raise the price of the dollar was a political and not an economic one,” noting that “reducing the price of the dollar needs a parliament that is serious in this matter and works to give priority to the national interest.”

It is noteworthy that the Iraqi government reduced the value of the Iraqi dinar against the US dollar in the Federal Budget Law for the year 2021, where the dollar exchange rate reached 1450 dinars to the dollar after its price was 1200 dinars to the dollar.

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