A parliamentary bloc indicates the disappearance of the justifications for raising the dollar’s exchange rate
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A parliamentary bloc indicates the disappearance of the justifications for raising the dollar’s exchange rate
by claud39 Sat Feb 27, 2021 8:26 pm
A parliamentary bloc indicates the disappearance of the justifications for raising the dollar’s exchange rate
2021-02-27
Shafaq News / On Saturday, the National Approach Parliamentary Bloc renewed its demands to reduce the exchange rate of the dollar after the recovery of oil prices in the global market and the removal of the justifications for the fiscal deficit in the 2921 budget.
The representative of the bloc and a member of the Parliamentary Economy and Investment Committee, Mazen Al-Faili, told Shafaq News, "The Ministry of Finance and the Central Bank have adopted solutions to address the financial deficit crisis and reform the Iraqi economy by raising the dollar exchange rate, which is positive if alternatives are available and solutions that generate negative repercussions for plans to raise the price Dollar. "
He added, "The rise in the exchange rate of the dollar has negatively affected the fragile local economy and the living reality of the citizen from the classes of employees, earnings and the general joints of life," stressing, "restoring the previously approved exchange rate after the decline in the purchasing value of the salaries of employees in the country."
"The rise in oil prices to 66-67 dollars per barrel removed the arguments and justifications for raising the price of the dollar and the budget deficit that the Finance Ministry seeks to address," Al-Faili said, referring to the "rise in the price of a barrel of oil approved in the 2021 budget to more than 25 dollars."
The decision of the Ministry of Finance last December to raise the dollar exchange rate to more than 1450 Iraqi dinars sparked public and official discontent, amid warnings of living consequences that affect the earning class and those with limited income in society.
https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D9%83%D8%AA%D9%84%D8%A9-%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA-%D8%B4%D8%B1-%D8%B2%D9%88%D8%A7%D9%84-%D9%85%D8%A8%D8%B1%D8%B1%D8%A7%D8%AA-%D8%B1%D9%81%D8%B9-%D8%B3%D8%B9%D8%B1-%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1
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