A financial official determines the possibility of changing the dollar exchange rate in next year’s budget
A financial official determines the possibility of changing the dollar exchange rate in next year’s budget
06:50 – 16/11/2021
Special – Al-Mawazine News
, the (former) Director of the Financial Supervision Bureau, Salah Nuri, has determined, on Tuesday, the possibility of restoring and considering the previous dollar exchange rate.
Nuri said in an interview with “Mawazine News” that “according to our information, the general budget for the next year is not much different from the budgets of previous years, in terms of financial allocations and disbursement, as they will be followed by the same mechanism, and that the method of preparing it and the financial and spending ceiling is similar.”
He added, “There is a possibility to reconsider the dollar exchange rate gradually, and that the return will not be in the same way it was changed,” noting that “the exchange rate remains on its status in the 2022 budget.”
He pointed out, “The rise in the exchange rates of the dollar greatly affected the living situation of citizens, and that the benefit was obtained only for the Ministry of Finance by increasing its financial liquidity and disbursing salaries without the need to borrow.”
He pointed out that “the currently approved exchange rate reduced the ability of the Iraqi citizen (the employee) to purchase by 48%, while the fragile classes were the most affected.” Ended 29 / h
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