Parliamentary Finance holds an emergency meeting to discuss the reasons for the rise in the dollar and the draft budget ("1450 dinars to one dollar")

by **RamblerNash** Thu Dec 17, 2020 9:26 pm

Time: 12/17/2020 12:41:58

{Baghdad: Al Furat News} The Finance Committee will hold an emergency meeting this afternoon to discuss the reasons for the high exchange rate of the dollar, and to discuss the leaked draft of the 2021 budget law.

The exchange rate of the dollar had risen again, and it reached 1340 dinars in the Central Kifah Stock Exchange in Baghdad against the dollar.

Sources indicate that prices are not fixed.

In addition, {Al Furat News} published a draft of the federal financial budget bill for 2021.

The budget included a surprising price in the dollar exchange, as the government proposed to install it at 1450 dinars to one dollar.

It also included reducing the allocations granted to state employees.

According to the draft, the estimated revenues from exporting crude oil will be calculated on the basis of the rate of (42) dollars per barrel.

The draft budget for the year 2021 includes imposing a tax on gasoline and aviation fuel at a rate of 20%. The price of a liter of gasoline will be 540 dinars instead of 450 dinars, and the price of kerosene increased by 15%.

A 10% sales tax will also be imposed on all commercial stores, cigarettes, cars, alcoholic beverages, and barber shops for men and women.

Hussein Hatem

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