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The Financial Committee clarifies the first reading of the draft budget and the change of the dollar price
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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The Financial Committee clarifies the first reading of the draft budget and the change of the dollar price
[size=30]The Financial Committee clarifies the first reading of the draft budget and the change of the dollar price[/size]
[size=15]A member of the Finance Committee, Ahmed Hajj Rashid, confirmed, Saturday, that the House of Representatives will make the first reading of the draft general budget for 2021 this evening, and that no decision will be taken regarding the exchange rate of the dollar against the Iraqi dinar.[/size]
[size=15]In a statement to NRT Arabia, Rashid said today (January 9, 2021) that "the parliament session will start at five o'clock this evening, Baghdad time."[/size]
[size=15]Rashid added, in a post on Facebook, "The parliament session will be limited to reading the budget bill, and no decision will be taken on changing the exchange rate of the dollar against the dinar."[/size]
[size=15]He explained, "The House of Representatives cannot make any changes regarding what is stated in the draft budget to determine the exchange rate of the $ 100 paper at 145,000 thousand dinars and the price of a barrel of crude oil at $ 42."[/size]
[size=15]He continued, "Reducing the exchange rate of the dinar against the dollar provides the government with about 23 trillion dinars, and it is not in the government's interest to raise the exchange rate of the dinar."[/size]
[size=15]He pointed out that "any change in the exchange rate of the dollar and oil will undermine the draft budget law and increase the financial deficit, and the government cannot address it."[/size]
[size=15]And, "What is happening in the local markets is the attempt of some, to carry out speculation to undermine the stability of the dinar."[/size]
[size=15]He also said, "The Central Bank is now selling the $ 100 note for 145,000 thousand dinars for the government, and any change in the dollar exchange rate will lead to a major crisis in the local markets, so it is very difficult to adjust the exchange rate of the dollar against the dinar at the present time." [/size]
https://www.nrttv.com/Ar/News.aspx?id=37148&MapID=5
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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