The Ministry of Planning is discussing with government agencies and the private sector the implications of changing the currency exchange rate on investment projects

by **claud39** Fri Mar 12, 2021 1:53 pm

The Ministry of Planning is discussing with government agencies and the private sector the implications of changing the currency exchange rate on investment projects

Thursday 11, March 2021

The Ministry of Planning is discussing with government agencies and the private sector the implications of changing the currency exchange rate on investment projects 892981-9eca6883-c84e-4309-8331-33f0c927973e

Baghdad / NINA / 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 at the Ministry of Planning.

A statement by the Ministry of Planning said today that the meeting was chaired by the technical representative of the ministry, Maher Hammad, in the presence of the Administrative Undersecretary Azhar Hussein Saleh, the President of the Iraqi Contractors Union, Ali Al-Sanafi, and representatives of the Ministries of Electricity, Finance, Housing, Reconstruction and Municipalities, the Central Bank of Iraq and the National Investment Authority.

The Undersecretary of the Ministry of Planning confirmed that 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 relates to investment projects, indicating that the committee’s work period will be one month, and after that it submits its recommendations to the Council of Ministers for decision. ".

The representatives of the parties participating in the meeting, according to the statement, presented a presentation of investment projects, methods of contracting with the implementing companies, and the mechanisms of payment of the dues of these companies, whether those dues were unpaid debts or unspent advances. ”The

statement indicated that the committee will continue its meetings during the coming days, To develop the required solutions and proposals, to address the effects of changing the exchange rate on investment projects

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