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The dollar will rise against the Iraqi dinar after approving the 2021 budget: There is a "backup" plan to pay the matter, so what will happen! DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The dollar will rise against the Iraqi dinar after approving the 2021 budget: There is a "backup" plan to pay the matter, so what will happen!

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The dollar will rise against the Iraqi dinar after approving the 2021 budget: There is a "backup" plan to pay the matter, so what will happen! Empty The dollar will rise against the Iraqi dinar after approving the 2021 budget: There is a "backup" plan to pay the matter, so what will happen!

Post by claud39 Wed Jan 27, 2021 4:08 pm

[size=30]The dollar will rise against the Iraqi dinar after approving the 2021 budget: There is a "backup" plan to pay the matter, so what will happen![/size]


2021-01-27





The dollar will rise against the Iraqi dinar after approving the 2021 budget: There is a "backup" plan to pay the matter, so what will happen! 140-204238-virus-russian-ruble-historic-decline-dollar_700x400








Yes Iraq - Baghdad



During the previous days, great concerns were raised about the rise in the exchange rates of the dollar against the Iraqi dinar after the approval of the 2021 budget in the coming days, followed by a parliamentary intention to reduce it to 130,000 as a request put on the Parliament table, according to recently published documents.



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.



In a press statement, the appearance of Muhammad Saleh said: “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 exchange rate of the dollar against the Iraqi dinar has occurred. 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, and for this, any talk of 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 .



Commenting on the current fluctuation in exchange rates, Cougar said, "Financial dealings are currently going on the new fiscal policy drawn up by the Central Bank and the Ministry of Finance regarding the dollar exchange rate, so it is difficult to restore the exchange rate to its previous position at the present time at 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.



A document was published for the request of Representative Ammar Tohme, addressed to the Presidency of the Council, which included a demand 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.

 

To read more details via the link in another report:

https://yesiraq.com/%d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a7%d8%b1-%d8%b9%d9%84%d9%89- % d8% b7% d8% b1% d9% 8a% d9% 82-% d8% a7% d9% 84% d8% a7% d9% 86% d8% ae% d9% 81% d8% a7% d8% b6- % d8% a7% d9% 84% d9% 85% d8% b1% d8% aa% d9% 82% d8% a8-% d8% a7% d9% 85 /




https://yesiraq.com/%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%B3%D9%8A%D8%B1%D8%AA%D9%81%D8%B9-%D9%85%D9%82%D8%A7%D8%A8%D9%84-%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/
claud39
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