Planning announces the formation of a committee concerned with changing the currency rate and submitting its recommendations to the cabinet

03/11/2021 17:08:14
 
{Economy: Al Furat News} The Ministry of Planning announced, on Thursday, the formation of a committee to study the effects of changing the exchange rate of the dollar against the Iraqi dinar, and present recommendations to the Council of Ministers.

In a statement, the Euphrates News received a copy of it, the ministry stated that “the committee formed according to Cabinet Resolution No. 63 of 2021, which will study the consequences of changing the currency exchange rate, held its first meeting headed by the Technical Undersecretary of the Ministry of Planning Maher Hammad, and the presence of the agent. The administrator Azhar Hussein Saleh, the head of the Iraqi Contractors Union, Ali Al-Sanafi, and representatives of the ministries of electricity, finance, housing, reconstruction, municipalities, the Central Bank of Iraq and the National Investment Authority.

The Undersecretary of the Ministry of Planning confirmed, "This committee was formed to study the effects of changing the exchange rate of the dollar against the dinar, and to propose the required solutions, as far as the matter is related to investment projects." Ministers to decide. "

According to the statement, "the representatives of the parties participating in the meeting gave a presentation of investment projects, methods of contracting with the implementing companies, and the mechanisms of payment for these companies' dues, whether those dues were unpaid debts or unspent advances."

As he stressed, "the committee will continue its meetings during the coming days, to develop the solutions and proposals required, to deal with the effects of changing the exchange rate on investment projects."

Wafa Al-Fatlawi

LINK