Finance comments on compensation for those affected by the change of the exchange rate
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Finance comments on compensation for those affected by the change of the exchange rate
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
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/
19/03/2021
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/
claud39- VIP NewsHound
- Posts : 18416
Join date : 2018-11-04 
Similar topics» Parliamentary Finance: Compensation for those affected by the increase in the dollar exchange rate is the government's competence
» Frank26: "said exchange rate was up to the CBI to change and today Saleh tells us government will change the exchange rate in the next budget" (Oh Bot! Frank Thinks The Government Makes The Change? LOL) 1/1/22
» Nassif: The poor are affected by the rise in the dollar exchange rate, and it must be reduced in the 2022 budget
» Central Bank comments on changing the exchange rate and confirms "bad debt rise"
» Mnt Goat says - There is so much news about the necessity to change the exchange rate of the dinar against the dollar to a higher rate (Did You Find It? LOL)
» Frank26: "said exchange rate was up to the CBI to change and today Saleh tells us government will change the exchange rate in the next budget" (Oh Bot! Frank Thinks The Government Makes The Change? LOL) 1/1/22
» Nassif: The poor are affected by the rise in the dollar exchange rate, and it must be reduced in the 2022 budget
» Central Bank comments on changing the exchange rate and confirms "bad debt rise"
» Mnt Goat says - There is so much news about the necessity to change the exchange rate of the dinar against the dollar to a higher rate (Did You Find It? LOL)
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Guru Sandy 1/30/23
» Guru Nader 1/30/23
» Guru Judy 1/30/23
» Guru Okie 1/29/23
» Guru MountainGoat 1/29/23
» More On The Rainbow Currency.
» Interim governor briefs Iraq's deputy parliament speaker on CBI's plan to control the forex market
» Keeping devaluation might be Iraq's strategy to suppress depreciation: lawmaker
» Al-Sudani's cabinet has no intention to reverse the dinar's devaluation: lawmaker
» Iraqi dinar plunges to a new low
» "RV UPDATE" BY SANDY INGRAM, MNT GOAT, MARKZ, NADER FROM MID EAST AND FRANK26 1/28/23
» "STATUS OF RV" BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» HOT NEWS BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» Guru Okie 1/28/23
» Guru MarkZ 1/28/23 am
» More than 750 artifacts discovered in Basra 1/29/23
» Mark Zerfoss (aka MarkZ) Intel On The Arrests
» 4,700-year-old ‘tavern’ — complete with fridge, oven and food — unearthed in Iraq 1/26/23
» Guru MarkZ 1/26/23 pm
» Guru Okie 1/27/23
» Guru Judy 1/27/23
» Guru Bruce Dingleberry 1/26/23
» Guru MarkZ 1/27/23 am
» STATUS OF THE RV by Anonymous 1/26/23
» Guru MarkZ 1/16/23 pm
» Guru OkieOilman 1/26/23
» Guru MarkZ 1/15/23 pm
» Guru Judy 1/26/23
» Guru Bruce Dingleberry 1/24/23
» Gurus Nader & MarkZ 1/26/23
» USD/IQD exchange rates climb in Baghdad, Erbil
» U.S. Federal Reserve imposes tight controls on Iraqi banks’ transactions
» Iraq seeks UN assistance to overcome challenges
» Iraqi PM relieves CBI governor of his post
» Protests in Iraq amid local currency devaluation, Central Bank changes
» Guru OkieOilman 1/25/23
» Guru Sandy 1/25/23
» Guru MountainGoat 1/25/23
» Gurus Frank26 & Firefly 1/225/23