The Financial Committee "closes the door" of the dollar price ... and resolves the fate of hopes looking for 1,300 dinars to the dollar

2021-02-05

Yes Iraq: Baghdad

Not a little while ago, since the House of Representatives received the 2021 budget, and its passage of several amendments and discussions, and attempts to host the governor of the Central Bank are trying to re-debate the price of the dollar and the possibility of reducing it to 1300 dinars to the dollar, in addition to several MPs collecting signatures to reduce the price of the dollar against the dinar after raising it by a decision Governmental to 1450.

These demands gave a "dose of hope" to the Iraqi street, which still hopes to bring the exchange rate down to its normal state or at least mitigate its effects by choosing an average price of 1,300 dinars against the dollar.



While a number of MPs and experts are reviewing the rise in oil prices and reducing the deficit, they pointed to the possibility of reducing the exchange rate of the dollar and the need to raise it to this rate because the main reason, which is the huge financial deficit, has been negated by the rise in oil prices.



However, the Parliamentary Finance Committee settled today, Friday, the matter related to the demands of members of Parliament to change the price of the dollar in the budget law, while confirming that the price is fixed according to the specified by the government.



Committee member Shirwan Mirza said in a press statement, followed by "Yes Iraq", that "the price of the dollar is fixed and has not been manipulated, given that it was determined in accordance with the financial policy of the Iraqi government."



He added that "the requests of members of the House of Representatives regarding changing the exchange rate of the dollar against the Iraqi dinar, do not go beyond being requests only," stressing that "the Parliamentary Finance Committee does not have any authority to change the exchange rate."



Mirza added, "The Parliamentary Finance Committee worked according to the powers granted to it only to amend and replace some articles of the budget law for the year 2021."




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