Al-Fili: The surplus oil revenues cover the expected benefit from raising the price of the dollar
Al-Fili: The surplus oil revenues cover the expected benefit from raising the price of the dollar
Wednesday 23 June 2021 | 04:09 PM
On Wednesday, the representative of the National Nahj bloc, Mazen Al-Faili, demanded that the dollar exchange rate against the local currency be returned to what it was, stressing that the surplus achieved from oil revenues covers the expected surplus from raising the price of the dollar .
Al-Faili said in a statement, that the revenues from selling oil for the month of May amounted to six billion dollars, which is more than one billion and 700 million dollars over the oil revenues expected to be collected according to the oil price fixed in the budget, which amounts to 45 dollars per barrel .
He added that the total actual oil revenues in the first five months of 2021 amounted to 27 billion dollars, which is five billion and 500 million dollars more than the total oil revenues expected to be collected for the same period according to the price fixed in the budget, 45 dollars per barrel .
Al-Faili indicated that this increase in oil revenues resulting from the difference in the price of oil between what is actually sold in the markets and what is fixed in the budget, for a period of five months only, is equal to or more than the revenues resulting from the decision to raise the exchange rate of the dollar, which at the highest estimates is seven trillion dinars .
He pointed out that “while noting the increase in oil prices globally and at different rates of up to 1.6 more than the price fixed in the budget, and the increase in oil revenues within only five months, exceeding the planned collection from raising the price of the dollar, all these data prove the absence of the need to raise the price of the dollar and show They are weak and the justifications promoted by those who agreed and supported this wrong decision .”
Al-Faili called on the government and parliament to “retreat from the wrong and harmful decision and return the dollar exchange rate to what it was before, especially if we know that the majority of the difference between the two prices of selling the dollar from the bank and selling it by parasitic banks goes to an undeserved profit to strengthen unjust, selfish parties that live in the most horrific way.” Parasitic behavior depicted the suffering and tragedies of millions of Iraqis.
aynaliraqnews.com
