Al-Fath: We are committed not to vote on the budget until the dollar exchange rate changes
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Al-Fath: We are committed not to vote on the budget until the dollar exchange rate changes
Admin Fri Feb 12, 2021 1:39 pm
Al-Fath: We are committed not to vote on the budget until the dollar exchange rate changes
18:02 - 11/02/2021
A member of the Al-Fateh Alliance, MP Hamid Al-Mousawi, affirmed, on Thursday, the coalition’s commitment not to vote on the current budget that is farthest from reducing the dollar’s exchange rate.
Moussawi said in a statement to / information /, that “the Iraqi law gave the central bank the centralization of the decision in controlling the exchange rates of the dollar, but political will must be present in this circumstance,” indicating that “the Al-Fatah coalition blocs are all insisting on rejecting the vote on the budget. Only after reducing the dollar exchange rate and returning to what it was a few months ago at 119 dollars.
He added, "Because of the high exchange rates of the dollar, the governmental institution and private sector institutions will incur losses ranging between 9 trillion dinars as the difference in exchange rates between the new and old value."
He pointed out that "among the issues that we have put in place to prevent voting is the government's fulfillment of its obligations and the fairness of the segments of the lecturers and contract holders, whose contracts have been canceled by the Popular Mobilization Forces , Defense and Interior."
https://www.almaalomah.com/2021/02/11/520167/
18:02 - 11/02/2021A member of the Al-Fateh Alliance, MP Hamid Al-Mousawi, affirmed, on Thursday, the coalition’s commitment not to vote on the current budget that is farthest from reducing the dollar’s exchange rate.
Moussawi said in a statement to / information /, that “the Iraqi law gave the central bank the centralization of the decision in controlling the exchange rates of the dollar, but political will must be present in this circumstance,” indicating that “the Al-Fatah coalition blocs are all insisting on rejecting the vote on the budget. Only after reducing the dollar exchange rate and returning to what it was a few months ago at 119 dollars.
He added, "Because of the high exchange rates of the dollar, the governmental institution and private sector institutions will incur losses ranging between 9 trillion dinars as the difference in exchange rates between the new and old value."
He pointed out that "among the issues that we have put in place to prevent voting is the government's fulfillment of its obligations and the fairness of the segments of the lecturers and contract holders, whose contracts have been canceled by the Popular Mobilization Forces , Defense and Interior."
https://www.almaalomah.com/2021/02/11/520167/
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