Representative economic: the conditions are ready to adjust the exchange rate and the oil barrel in the budget

Representative economic: the conditions are ready to adjust the exchange rate and the oil barrel in the budget


Baghdad Today - Baghdad

A member of the Parliamentary Economic and Investment Committee, Mazen Al-Faili, confirmed today, Friday, that the conditions are ready to adjust the exchange rate of the dollar against the Iraqi dinar, as well as the price of a barrel of oil in the draft Federal Budget Law for 2021.

In an interview with (Baghdad Today), Al-Faily said, “The conditions are in place to restore or reduce the exchange rate of the dollar against the Iraqi dinar in the draft budget. The project and this is not possible ”.


He added that "there is a tendency to raise the price of a barrel of oil in the draft budget law in view of the high prices in the global markets," stressing that "the current price contributed to the availability of large financial revenues for the state."





https://iraqakhbar.com/2949714

A parliamentary committee ... The conditions are ready to reduce the price of the dollar and reveal an obstacle




The Parliamentary Economic and Investment Committee confirmed, today, Friday, the availability of appropriate conditions for reducing the price of the dollar against the Iraqi dinar and adjusting the price of a barrel of oil in the draft of the federal budget.

Member of Parliament Mazen Al-Faily said in a press statement that RT Arabia, on Friday, said, "The conditions are ready for the return or reduction of the dollar exchange rate against the Iraqi dinar in the draft budget, but this is difficult to achieve in light of the completion of the draft formulation, discussion and study in the committee." Parliamentary Finance, therefore, we need to reformulate the project and this is not possible.

He added, "There is a tendency to raise the price of a barrel of oil in the draft budget law in view of the high prices in the global markets," noting that "the current price contributed to the availability of large financial revenues for the state."


https://iraqakhbar.com/2950152