Parliamentary Finance calls for “confining the dinar in the hands of the state”

Parliamentary Finance calls for “confining the dinar in the hands of the state”

2024-04-17 06:36

Parliamentary Finance calls for confining the dinar in the hands of the stateShafaq News/ The Parliamentary Finance Committee pointed out, on Wednesday, the problem of the lack of cash “Iraqi dinar,” calling for “confining the dinar to the state.”

Committee member Hussein Moanis told Shafaq News Agency, “The House of Representatives voted on the tripartite budget law and required the government to send the schedules for approval,” indicating that “the delay in sending the schedules to Parliament did not affect the operational budget.”

He pointed out that “there is no specific date for approving the budget schedules in the Council of Ministers and sending them to the House of Representatives,” indicating “a real problem with the lack of cash (the Iraqi dinar).”

He pointed out that “the Parliamentary Finance Committee is working to develop specific methods to process and provide cash and confine it to the state through adopting the electronic card, strengthening the work of banks, and presenting documents to achieve cash abundance in the market.”

Mu’nis concluded by saying, “There is no trust between the banking system and the citizen, and the lack of trust has caused the cash currency (the Iraqi dinar) to be stored in the homes of citizens, which has caused it to be lost and not naturally available in the market.”

A member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, said on March 27, 2024, that the Iraqi government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget.

While a member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, said in an interview with Shafaq News Agency on February 27, 2024, that Finance Minister Taif Sami informed the members of the committee during her hosting, yesterday, Monday, of the imminent sending of the budget law schedules to the House of Representatives.