Al-Maliki’s coalition: government intention to reduce the exchange rate of the dollar to 137,500
Al-Maliki’s coalition: government intention to reduce the exchange rate of the dollar to 137,500
2023-01-09 02:35
Shafaq News/ The State of Law Coalition, led by Nuri al-Maliki revealed, on Monday, the intention of the government of Muhammad Shia’ al-Sudani to reduce the price of the dollar in the 2023 budget bill.
The leader of the coalition, Fadel Mawat, told Shafaq News agency, “The reasons for the dollar’s high exchange rate are American intervention and pressure, after the intention of the government of Muhammad Shia’ al-Sudani to reduce the dollar and restore it as it was previously before it was raised by the government of Mustafa Al-Kadhimi.”
And he indicated that “the government of Muhammad Shia’a al-Sudani is working to address the reduction of the exchange rate of the dollar through the budget for the year 2023, which it is hoped to vote on next March, and the potential new price is 137,500 dinars per 100 dollars, according to the proposal submitted by the leader of the State of Law coalition, and this number It is the closest to fixing it within the budget.
It is noteworthy that the exchange rate of the US dollar against the Iraqi dinar ranged between 118 thousand dinars to 125 thousand dinars for every 100 dollars, according to market fluctuations and currency speculation, until the end of the year 2020 before the previous government headed by Mustafa Al-Kazemi raised the exchange rate to 145 thousand dinars against $ 100 in the 2021 budget, which aroused the discontent of the popular, political and economic circles.
However, this price was approved according to the previous government. It did not settle when the Iraqi parliament voted to give confidence to the new government headed by Muhammad Shia’ al-Sudani on October 30, 2022. Rather, it jumped days after his government assumed its duties, to exceed 150 thousand dinars per 100 dollars, and it reached in some cases The days to 158 thousand dinars for 100 dollars, while the exchange rate today, while writing this news, exceeded 158 thousand dinars for every 100 dollars.
shafaq.com
