“Economically And Parliamentarian” .. The Law: The Exchange Rate Of The Dollar Will See The Light In The Next Stage

“Economically And Parliamentarian” .. The Law: The Exchange Rate Of The Dollar Will See The Light In The Next Stage

07/27/2022 | 3:21 PM

Economically And Parliamentarian .. The Law - The Exchange Rate Of The Dollar Will See The Light In The Next StageInformation/special.

State of Law Representative Jassem al-Moussawi confirmed today, Wednesday, that the chances of the coordination framework within the parliament have become very strong, and this qualifies him to change the exchange rate of the Iraqi dinar against the US dollar, while stressing that the improvement in the economic situation will prompt the return of the dollar to its old price.

Al-Moussawi said in an interview with the “Information” agency, “One of the main demands adopted by the State of Law coalition is to restore the dollar exchange rate, especially after the improvement of the economic situation,” noting that “the Iraqi government’s interaction with the development of investment, the development of agriculture, and the opening of wide economic outlets, They all require a change in the exchange rate.”

He added, “The coordinating framework has become the largest parliamentary bloc, and its fortunes have increased significantly within the parliament and its impact is very strong, and this is what enables it to change the exchange rate, especially as it is the main requirement for the framework during the next stage.”

The representative of the state of law explained that “the cash reserve of the currency rose to more than 70 billion dollars and may rise to 90 or more, and this could change the exchange rate of the dinar against the dollar with the existing economic improvement.”

The representative of the National Approach Alliance, Hassan al-Asadi, had confirmed, earlier, the possibility of reducing the dollar exchange rate in the new general budget, stressing that there is a parliamentary movement to return the dollar exchange rate to what it was previously.

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