A deputy raises the alarm: the exchange rate of 100 dollars may touch 500 thousand dinars

by **claud39** Fri Dec 04, 2020 7:17 pm

[size=36]A deputy raises the alarm: the exchange rate of 100 dollars may touch 500 thousand dinars[/size]

4 December 2020

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Follow-up - IQ

Member of Parliament Kazem Al-Sayyadi warned, on Friday (4 December 2020), that continuing the borrowing policy may raise the dollar exchange rate four times.

The Central Bank set the price of selling the dollar to bank accounts abroad at 1190 dinars per dollar, and the cash sale price at 1190 dinars per dollar, while the price of selling the dollar on the market yesterday (December 3, 2020), reached 125,750, and buying 124,750.

Al-Sayyadi said in an interview with the “Al-Marataz” program broadcast by “Al-Ittijah” channel, that “in the event that the borrowing policy continues and all financial assets inside the central bank are taken from the proceeds, the hundred dollars will become 500 thousand dinars.”

In his speech, Al-Sayyadi called for "not to borrow and rely on other resources" to finance the fiscal deficit.

On Sunday (November 22, 2020), a member of the Parliamentary Finance Committee, Ahmed Mazhar al-Jubouri, said that parliament did not vote on a budget that includes a new borrowing clause that “will not serve the country's future reality,” stressing the need for the government to be aware that the continuity of borrowing is evidence of failure in state management. Financial. "

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, said, Tuesday (December 1, 2020), that “the stability of the Iraqi dinar exchange represents the stability of the external value of the national currency, and then the stability of the standard of living, and defending the stability of the exchange rate is one of the most important duties of the Central Bank of Iraq in Achieving its goals of building stability as a climate for economic growth. "

https://www.iqiraq.news/political/5229--100-500-.html