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Finance comments on compensation for those affected by the change of the exchange rate

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Finance comments on compensation for those affected by the change of the exchange rate Empty Finance comments on compensation for those affected by the change of the exchange rate

Post by claud39 Fri Mar 19, 2021 9:57 am

Finance comments on compensation for those affected by the change of the exchange rate


19/03/2021





Finance comments on compensation for those affected by the change of the exchange rate %D8%B1%D9%88%D8%A7%D8%AA%D8%A8-696x464



The information / Baghdad ..

The Parliamentary Finance Committee commented, today, Friday, on compensation for those affected by the change in the exchange rate.

The committee's rapporteur, Ahmad al-Saffar, told the Iraqi News Agency, “All Iraqis are affected by the change of the exchange rate, and it is not permissible to compensate one category and leave another category,” noting that “the change in the exchange rate has led to inflation in the market and a reduction in the purchasing power of the Iraqi dinar, and everyone has become affected. Because prices have risen and real income has decreased, which is no longer able to bring the same previous consumer basket.

Al-Saffar added that "the compensation process is the prerogative of the government and not the parliament. Therefore, the House of Representatives cannot distinguish between one category and the other for compensation," noting that "Parliament has left this task to the government because it is responsible for addressing the effects of changing the exchange rate."

He explained that "the public debt is divided into two parts, an internal debt and an external debt, and that the internal debt is in the Iraqi dinar from the borrowing stage to the repayment stage. As for the external debt, it is paid in dollars."


https://www.almaalomah.com/2021/03/19/525996/
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