Parliamentary Finance excludes raising the price of the dollar against the dinar to compensate for the decline in oil revenues
Parliamentary Finance excludes raising the price of the dollar against the dinar to compensate for the decline in oil revenues
11/10/2020 9:05
Where News _ Baghdad
A member of the Parliamentary Finance Committee, Jamal Cougar, ruled out the government’s decision to raise the dollar’s exchange rate against the dinar in order to compensate for oil losses due to global price drops, pointing out that the central bank has a study and control over exchange rates.
Cougar said to “Where News”, “The government’s raising of the exchange rate of the dollar against the dinar is unthinkable and excluded, because the central bank has a sober study in this regard.”
He added that “the central bank administration does not support the proposal to raise the exchange rate of the dollar at all, and has a set of reasonable reasons and justifications to keep the exchange rate at its natural limits.”
Cougar ruled out that “the government or the central bank in 2021 will choose to raise the exchange rate of the dollar against the dinar.”
alliraqnews.com
