Deputy for the National Approach: The surplus from oil revenues covers the expected surplus from raising the price of the dollar

Wednesday 23 June 2021 16:26
 
Baghdad / NINA / - The representative of the National Nahj bloc, Mazen Al-Faili, confirmed that the surplus achieved from oil revenues covers the expected surplus from raising the price of the dollar.

Al-Faili said in a statement received by the National Iraqi News Agency / Nina / a copy of it: “The revenues from selling oil for the month of May amounted to six billion dollars, which is more than one billion and 700 million dollars over the oil revenues expected to be collected according to the oil price fixed in the budget, which amounts to 45 dollars per barrel. ".

He added, "The total actual oil revenues in the first five months of 2021 amounted to 27 billion dollars, which is five billion and 500 million dollars more than the total oil revenues expected to be collected for the same period according to the price fixed in the budget, 45 dollars per barrel."

Al-Faili indicated that this increase in oil revenues resulting from the difference in the price of oil between what is actually sold in the market and what is fixed in the budget for a period of five months only is equal to or more than the revenues resulting from the decision to raise the exchange rate of the dollar, which is at the highest estimate seven trillion dinars.

Al-Faili called on the government and parliament to “retreat from the wrong and harmful decision and return the dollar exchange rate to what it was before, especially if we know that the majority of the difference between the two prices of selling the dollar from the bank and selling it by parasitic banks goes to an undeserved profit to strengthen unjust, selfish parties that live in the most horrific way.” Pictures of parasitic behavior on the suffering and tragedies of millions of Iraqis.”/ End 7

https://ninanews.com/Website/News/Details?key=911678