The Iraqi government comments on fears of a jump in the exchange rate of the dollar after the approval of the budget

The Iraqi government comments on fears of a jump in the exchange rate of the dollar after the approval of the budget

27/01/2021







Baghdad today - 

Baghdad The appearance of Muhammad Salih, the economic and financial advisor to the prime minister, Mustafa Al-Kazemi, commented today, Wednesday, that there are fears of a jump in the exchange rate of the dollar, after the House of Representatives approved the financial budget for the current year 2021



The appearance of Muhammad Saleh said, in an interview with (Baghdad Today), that "the talk about the existence of fears of a jump in the exchange rate of the dollar after the House of Representatives approved the 2021 budget, is exaggerations that do not exist," stressing that "no change in the dollar exchange rate occurred." In front of the Iraqi dinar, after the budget. "


Saleh stressed, "The Central Bank of Iraq has sufficient reserves, and the bank has mechanisms to stabilize the exchange rate as stated in the budget, and it has the ability to intervene to maintain the shape of the dollar exchange rate. Therefore, any talk about exaggerated fears does not exist in the first place." .


Earlier, a member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, Tuesday 1/19-2021, that restoring the exchange rate of the dollar against the Iraqi dinar to its previous position at the present time is very difficult, pointing out that the local markets will stabilize after the passage of the budget bill for 2021 .


he said cougars in an exclusive interview with (Baghdad today) while commenting on the current fluctuation of exchange rates, the "financial transactions going current time on the new public fiscal policy drawn by the central bank and the Ministry of Finance on the dollar exchange rate, thus difficult to re - rate the former to put it For the time being, at the very least. "


He added that "the instability in the local markets will stabilize after the enactment of the budget law for the year 2021, and the official adoption of the new exchange rate," stressing that "this will remove concerns and revive the markets again.


Yesterday, a member of Parliament, Ammar Tohme, submitted a request to the Presidency of Parliament, which included 16 amendments to the 2021 budget, including a demand to reduce the exchange rate to 1,300 dinars and to cancel deductions for certain categories of employees



And (Baghdad Today) obtained a document for the request of Deputy Ammar Tohme, addressed to the Presidency of the Council, which included a request to reduce the exchange rate to 1,300 dinars, and to cancel deductions for employees with salaries below a million and a half. 

Tohme’s request was supported by 113 deputies in the House of Representatives.



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