Parliamentary Finance: The price of the dollar will decrease after the implementation of the budget
Parliamentary Finance: The price of the dollar will decrease after the implementation of the budget
7-12-2023
Information / Baghdad..
A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Wednesday, that the price of the dollar will decrease against the dinar, after implementing the provisions of the federal general budget.
“The Iraqi dinar will gradually recover and decrease dramatically against the price of the dollar,” Cougar said, pointing out that “the government will have to sell large quantities of dollars to secure the salaries of employees in dinars.”
He added, “The exchange rate of the dollar in the parallel markets depends on the principle of supply and demand, and the start of implementing the 2023 budget will mean the release of large sums of money that will lead to a greater increase in the purchase of the dollar.”
He pointed out that “after the implementation of the budget, there will be stability in the dollar exchange market and its arrival at the official price specified by the Council of Ministers.”
A member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed, in a previous statement to Al-Malooma, that there is a road map of 4 axes to curb the parallel market for selling the dollar.
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