The first government meeting to discuss the implications of the devaluation of the dinar

The first government meeting to discuss the implications of the devaluation of the dinar

2021-03-11 07:16

Shafaq News / The governmental committee formed for the purpose of studying the repercussions of changing the exchange rate of the dollar against the Iraqi dinar held its first meeting on Thursday.

The Iraqi Central Bank decided last December to reduce the value of the local dinar against the dollar from 1,190 dinars per dollar to 1,450 dinars, with the aim of providing liquidity during the financial crisis caused by the drop in oil prices.

The Ministry of Planning said in a statement received by Shafaq News, "The committee formed according to Cabinet Resolution No. 63 of 2021, which will study the consequences of changing the currency exchange rate, held its first meeting at the Ministry of Planning."

The meeting was chaired by the Technical Undersecretary of the Ministry of Planning, Maher Hammad, and attended by the Administrative Undersecretary Azhar Hussein Saleh, the President of the Iraqi Contractors Union, Ali Al-Sanafi, and representatives of the Ministries of Electricity, Finance, Housing, Construction and Municipalities, the Central Bank of Iraq and the National Investment Authority.

The Undersecretary of the Ministry of Planning said, "This committee was formed to study the effects of changing the exchange rate of the dollar against the dinar, and to propose the required solutions, as far as the matter is related to investment projects." Ministers to decide. "

Representatives of the parties participating in the meeting presented a presentation of investment projects, methods of contracting with the implementing companies, and mechanisms for payment of the dues of these companies, whether those dues were unpaid debts or unspent advances, according to the statement.

The statement also stated that "the committee will continue its meetings in the coming days, to develop the solutions and proposals required, to address the effects of changing the exchange rate on investment projects."

The change of the local currency exchange rate against the dollar had caused an increase in prices in the local markets, which citizens complained about, especially the low-income segment.


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Planning will raise recommendations for changing the conditional currency exchange
Thursday, 11 March 2021 5:09 PM


Baghdad / National News Center
Today, Thursday, the Ministry of Planning confirmed that the committee formed to study the implications of changing the currency exchange rate will submit its recommendations to the Council of Ministers for decision.

The ministry stated in a statement received by the "National News Center", that "the committee formed according to Cabinet Resolution No. 63 of 2021, which will study the consequences of changing the currency exchange rate, held its first meeting at the Ministry of Planning."

The statement added, "The meeting was chaired by the Technical Undersecretary of the Ministry of Planning, Maher Hammad, and was attended by the Administrative Agent Azhar Hussein Saleh, the President of the Iraqi Contractors Union, Ali Al-Sanafi, and representatives of the Ministries of Electricity, Finance, Housing, Construction and Municipalities, the Central Bank of Iraq and the National Investment Commission."

The Undersecretary of the Ministry of Planning confirmed, “This committee has been formed to study the effects of changing the exchange rate of the dollar against the dinar, and to propose the required solutions, as far as the matter relates to investment projects,” indicating that “the committee’s term of work will be one month, and after that it submits its recommendations to the Council. Ministers to decide.

In their turn, representatives of the parties participating in the meeting presented a presentation of investment projects, methods of contracting with implementing companies, and mechanisms for paying the dues of these companies, whether those dues were unpaid debts or unspent advances.

"The committee will continue its meetings in the coming days, to develop the solutions and proposals required to deal with the effects of changing the exchange rate on investment projects," the statement said.



https://nnciraq.com/55938/

Planning announces the formation of a committee concerned with changing the currency rate and submitting its recommendations to the cabinet

   Time: 03/11/2021 17:08:14

Planning announces the formation of a committee concerned with changing the currency rate and submitting its recommendations to the cabinet

{Economy: Al Furat News} The Ministry of Planning announced, on Thursday, the formation of a committee to study the effects of changing the exchange rate of the dollar against the Iraqi dinar, and present recommendations to the Council of Ministers.

In a statement, the Euphrates News received a copy of it, the ministry stated that “the committee formed according to Cabinet Resolution No. 63 of 2021, which will study the consequences of changing the currency exchange rate, held its first meeting headed by the Technical Undersecretary of the Ministry of Planning Maher Hammad, and the presence of the agent. The administrator Azhar Hussein Saleh, the head of the Iraqi Contractors Union, Ali Al-Sanafi, and representatives of the ministries of electricity, finance, housing, reconstruction, municipalities, the Central Bank of Iraq and the National Investment Authority.

The Undersecretary of the Ministry of Planning confirmed, "This committee was formed to study the effects of changing the exchange rate of the dollar against the dinar, and to propose the required solutions, as far as the matter is related to investment projects." Ministers to decide. "

According to the statement, "the representatives of the parties participating in the meeting gave a presentation of investment projects, methods of contracting with the implementing companies, and the mechanisms of payment for these companies' dues, whether those dues were unpaid debts or unspent advances."

As he stressed, "the committee will continue its meetings during the coming days, to develop the solutions and proposals required, to deal with the effects of changing the exchange rate on investment projects."


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