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Parliamentary Finance: Compensation for those affected by the increase in the dollar exchange rate is the government's competence

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Parliamentary Finance: Compensation for those affected by the increase in the dollar exchange rate is the government's competence Empty Parliamentary Finance: Compensation for those affected by the increase in the dollar exchange rate is the government's competence

Post by RamblerNash Fri Mar 19, 2021 11:23 am

Parliamentary Finance: Compensation for those affected by the increase in the dollar exchange rate is the government's competence Doc-P-376171-637517450914365432
2021-03-19 | 06:01

The Parliamentary Finance Committee confirmed, today, Friday, that all Iraqis are affected by the change of the exchange rate, and it is not permissible to compensate one category and leave another category.

Committee rapporteur, Ahmad al-Saffar, said in a statement followed by Alsumaria News, "All Iraqis are affected by the change of the exchange rate, and it is not permissible to compensate one category and leave another category," pointing out that "changing the exchange rate has led to inflation in the market and reduced the purchasing power of the Iraqi dinar, pointing out." Until "everyone is affected because prices have risen and real income has decreased, which is no longer able to bring in the same previous consumer basket."

He added that "the compensation process is the prerogative of the government and not the parliament, so 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 dealing with the effects of changing the exchange rate."

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