130 thousand dinars against the "paper" ... the government tends to raise the exchange rate of the dollar against the dinar

by **claud39** on Tue Dec 08, 2020 2:29 pm

130 thousand dinars against the "paper" ... the government tends to raise the exchange rate of the dollar against the dinar

2020-12-08

130 thousand dinars against the "paper" ... the government tends to raise the exchange rate of the dollar against the dinar 1604388406158

Shafaq News / A member of the Parliamentary Finance Committee confirmed today, Tuesday, the government's intention to raise the exchange rate of the dollar.

The owners of banking offices attributed the recent rise in the exchange rate of the dollar in Iraq to the increased demand for it by citizens, after rumors of the government's intention to raise the price of the dollar.

Representative Jamal Cougar said in an interview with Shafaq News; "I think that there is a governmental tendency to create an atmosphere regarding raising the dollar exchange rate more than it was in previous budgets, to reach approximately 130 thousand dinars per 100 dollars," indicating that "this step will affect the citizen as what the citizen receives in terms of salaries and wages will be However, it will decrease in value in the local market compared to the dollar. "

Cougar added, "The government's approach to reduce the deficit within the budget next year boils down to four main steps, the first is to raise the exchange rate of the dollar against the dinar, and secondly to raise the price of a barrel of oil to more than $ 42, which was previously announced by the Minister of Oil and it is expected that It is increased to more than that to reduce the deficit. The third is reforms and translating the white paper into texts within the budget law, and fourthly, pressure expenditures and go to major expenditures only.

He stressed that "these steps must be taken by the government, otherwise there will be a huge deficit."

The exchange rates of the dollar rose during the past two days, rapidly and increasingly, to reach these prices on the Kifah Stock Exchange this morning at 127,200 dinars per 100 dollars.

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