********* Parliamentary Finance: a project to reconsider the price of the dollar exchange under thousand dinars

History of edits:: 2016/1/8 19:13

[Baghdad-where]



Parliamentary Finance Committee unveiled a project to reconsider the dinar exchange rate against the dollar with the government and the central bank, denying talk about the quest to deliver to the dollar exchange rate thousand dinars.

He said the decision of the Finance Committee MP Ahmad Haji Friday, "This speech is contrary to the fact that price of the dollar against the dinar will not be up to 200 000 dinars for one hundred dollars, pointing out that there was a project studied by the Central Bank and the Council of Ministers, and the Finance Committee, to reconsider the exchange rate The dollar against the dinar.



The MP Haji that it is still a project under study and no decision, where they are studying Is Iraq could reconsider in the exchange rate, and whether it is in the Government's interest or detrimental to the citizen ?, noting that a review of the exchange rate would be the government's interest but hurt the citizen, as this will increase the exchange rate to runaway inflation, and an increase in commodity prices, stressing the need to take it into consideration and study of all aspects of the project, before making any decision. "

And the deputy Haji that a review would be an increase of the dollar, a decline in the price of the dinar against the dollar, because the government can not raise the price of the dinar against the dollar, at the time of its imports in dollars and expenditure in dinars, pointing out that the increase in price of the dollar is what is the benefit to the government. "

Iraq is facing a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%.

He noted Finance Minister Hoshyar Zebari on Monday in a newspaper interview that "there are several alternatives [oil], including borrowing from international institutions, few benefits, and we did it.

For example we have received help from the International Monetary Fund, and a few days ago we received one billion and 200 million dollars from the World Bank, we have introduced a monitoring program on how we manage the financial and economic policy, and if we could get help more of them, as we intend to sell sovereign bonds, because the situation in Iraq this year better than last year in this regard. "



He explained that "The other option is how to raise the Iraqi dinar exchange rate, although it may be a risk of selection have repercussions."


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