TNT UPDATE: ¨IRAQI GOVT SETTING NEW EXCHANGE RATE¨, 26 FEB

by **Ponee** Fri Feb 26, 2021 9:18 pm

TNT:

Crileyhome: Iraqi Govt Setting New Exchange Rate

Setting a new exchange rate for the Iraqi dinar against the US dollar is part of the economic reform programme adopted by the @IraqiGovt , which aims to address the immediate financial crisis and placing the Iraqi economy on a sustainable path.

https://twitter.com/IraqiGovt/status/1365285738019844098
Tishwash: Parliamentary Finance reveals: The amendment of the official exchange rate of the dollar in the last amendment of the budget: 1300 Iraqi dinars and no more.!

Member of the Parliamentary Finance Committee, Muhammad al-Shabaki, announced, on Thursday, a parliamentary-government movement to amend the exchange rate of the dollar to 1,300 dinars, confirming that there is a parliamentary refusal to pass a budget bill in 2021 without modifying the exchange rate of the dollar against the Iraqi dinar.

Al-Shabaki said in a press statement yesterday (February 25, 2021) that "there are political forces and deputies from different political blocs, working to adjust the exchange rate of the dollar against the Iraqi dinar, in the 2021 budget, and these forces and MPs refuse to pass the budget without this amendment."

He added, "There is a parliamentary proposal that the exchange rate of the dollar against the Iraqi dinar be (13000) Iraqi dinars for every $ 100, but the validity of the amendment remains in the hands of the Iraqi government, and there are contacts between parliamentary and governmental parties to discuss the possibility of such an amendment, before voting on the budget." .

A member of Parliament, Inaam Al-Khuzaie, had earlier submitted a proposal to restore the old exchange rate of 1,200 dinars against the dollar without affecting the value of money added to the budget as a result of changing the new exchange rate.

A member of the Parliamentary Economic Committee, MP Mazen Al-Faili, announced that there is a trend within the House of Representatives to reduce the dollar exchange rate to 1300 dinars against the dollar in the 2021 budget, and

added, “Signatures were collected by 113 deputies to reduce the dollar exchange rate to 130 thousand. Dinars in the budget.