The region takes advantage of the currency difference .. Parliamentary finance talks about attempts to withdraw the Iraqi dinar from the local markets
The region takes advantage of the currency difference .. Parliamentary finance talks about attempts to withdraw the Iraqi dinar from the local markets
THURSDAY, 12-31-2020, PM 12:09
The Parliamentary Finance Committee said, “The new budget is the largest in the Arab world after Saudi Arabia, while the currency selling window was accused of” currency smuggling “according to a systematic work.
Committee member, Muhammad al-Darraji, said in a statement carried by the official agency, that “the budget for 2021 amounts to 164 trillion dinars, in which oil is set at $ 42 a barrel,” indicating that “salary expenditures in the budget amount to 53.8 trillion dinars.”
He added, “The debts payable in the budget are estimated at more than 16 trillion dinars, pointing out that operational expenses amount to about 50 trillion dinars.”
He pointed out that “the budget deficit amounts to 71 trillion dinars,” stressing that “the ration card allocations in the budget amount to 4 trillion dinars.”
He explained, “The budget is devoid of job grades,” noting that “the 2021 budget does not differ from its predecessors except in numbers, as it is the second largest budget in the Arab world after Saudi Arabia.”
On raising the dollar exchange rate, Al-Darraji said, “Parliament is not responsible for raising the exchange rate of the dollar against the dinar,” pointing out that “the window for selling the currency was a systematic process of currency smuggling.”
He revealed “there are attempts to withdraw the Iraqi dinar from the local markets and put large quantities of the (green) dollar into the market,” indicating that “these quantities come from the Kurdistan region.”
He called on the government and security agencies to scrutinize the sales of hard currency and find out where the source of this dollar comes, stressing that “the sums of sale of the region’s oil enter Baghdad illegally to take advantage of the currency difference.”
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