Parliamentary Finance: The International Monetary Agency suggested that the Central Bank raise the dollar rate to 1600

Parliamentary Finance: The International Monetary Agency suggested that the Central Bank raise the dollar rate to 1600


/ Baghdad / N.N.

A member of the Parliamentary Finance Committee, Jamal Cougar, announced, Tuesday, that the current dollar exchange rate adopted by the government in the 2021 budget bill was an emergency option and will continue until another budget bill comes.

Walker made a statement to Cougar who followed him (Iraqi Media News Agency /) that "the International Monetary Fund proposed to the Central Bank to raise the price of the dollar to 1600, while the World Bank suggested raising it by 1450 and the government went with this option."

He added that "the country cannot remain in constant confusion, through calls for a reduction or restoration of the exchange rate to its previous state, so the dollar price will remain constant until another budget comes."

He stressed that "everyone should understand that this option the government resorted to, compelled because the financial deficit in the budget bill before raising the exchange rate was 100 trillion dinars."


https://iraqakhbar.com/2957539