A member of Finance clarifies the fact that passing the budget is obstructed due to the adjustment of the dollar exchange rate - urgent

A member of Finance clarifies the fact that passing the budget is obstructed due to the adjustment of the dollar exchange rate - urgent


Baghdad Today - Baghdad

A member of the Finance Committee in the Iraqi Parliament, Muhammad Ibrahim, revealed today, Tuesday, the fact that the passage of the 2021 budget bill was obstructed due to the amendment of the exchange rate of the dollar against the Iraqi dinar.

Ibrahim said, to “Baghdad Today,” that “adjusting the exchange rate of the dollar against the Iraqi dinar is not an obstacle. As for passing the budget law in 2021, this matter is not from the authority of Parliament and the government is the one who sent this price, and we are obligated to vote on it, as the government has an economic plan. Interested in wanting to implement the draft budget.

And that "the Finance Committee in Parliament, did not ask the Iraqi government to amend the exchange rate of the dollar against the Iraqi dinar, it knows that its response will be rejected, but there are those who want to bid on the Finance Committee, and he knows very well that this matter cannot be modified or deleted by Parliament." It is exclusively within the powers of the executive authorities.

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

"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," Cougar said.

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."

The Minister of Finance, Ali Allawi, said in an interview with the Iraqi News Agency, "The exchange rate of the dollar is a governmental decision that cannot be changed daily as desired," indicating that "the markets have accepted the current exchange rate and during the coming years it will give incentives to the private sector and strengthen the reserve."

The minister promised to "find stability by paying the salaries of the employees on time," while noting that "the external debts amount to 60 billion dollars and the internal 70 trillion dinars."



https://iraqakhbar.com/2958145

Parliamentary Finance reveals the date of changing the dollar’s ​​exchange rate


A member of the Parliamentary Finance Committee, Jamal Cougar, announced, on Tuesday, the continuation of the dollar exchange rate in its current form until the coming of another budget bill to the House of Representatives.

Cougar stated in a press statement followed by NRT Arabia, that “the current dollar exchange rate adopted by the government in the 2021 budget bill was an emergency option and the International Monetary Fund suggested to the Central Bank to raise the dollar rate to 1600 while the World Bank suggested raising it to 1450 and the government went with this option. “.

He added, "It is not possible for the country to remain in constant confusion, through calls to reduce or restore the exchange rate to its previous state, so the dollar rate will remain constant until another budget comes."

He pointed out that "everyone should understand that this option has been resorted to by the government, forced because the financial deficit in the draft budget bill before raising the exchange rate was 100 trillion dinars."

The Minister of Finance, Ali Allawi, had announced in a televised interview that "the dollar exchange rate is a governmental decision that cannot be changed daily according to desire.

The markets have accepted the current exchange rate, and during the coming years it will give incentives to the private sector and strengthen the reserve."




https://iraqakhbar.com/2958266