A new manipulation of the dollar price in Iraq reaches "serious" stages .. An important decision may be taken after a month

A new manipulation of the dollar price in Iraq reaches "serious" stages .. An important decision may be taken after a month
2021-03-11

Yes Iraq: Baghdad



The Iraqi street has entered a new deadline of one month, amid aspirations for government recommendations that will appear after 30 days, on the basis of which important decisions related to the dollar exchange rate may be taken.

As the Ministry of Planning discussed today, Thursday, with government agencies and the private sector, the implications of changing the currency exchange rate on investment projects.

A statement by the ministry said, "The committee formed under 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 Undersecretary of the Ministry of Planning confirmed, according to the statement, that "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." To the Council of Ministers for a decision.



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Planning is discussing with government agencies and the private sector the effects of changing the exchange rate on projects



Economy - March 11-2021 04:08 PM

The Ministry of Planning confirmed, today, Thursday, that it will submit recommendations to the Council of Ministers regarding changing the currency rate on projects.

The Ministry of Planning’s media said in a statement received by the Tigris, 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,” pointing out that “the meeting was chaired by The Technical Undersecretary for the Ministry of Planning, Maher Hammad, 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 and Construction, Municipalities, the Central Bank of Iraq and the National Investment Authority.

He added, "The Undersecretary of the Ministry of Planning confirmed that 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, indicating that the committee’s work period will be one month, and after that it submits its recommendations to the Council." Ministers to decide. "

He continued, "The representatives of the parties participating in the meeting gave a presentation of investment projects, methods of contracting with the executing companies, and the mechanisms of payment of the dues of these companies, whether those dues were unpaid debts or unspent advances," indicating that "the committee will continue its meetings during the coming days, to lay down The required solutions and proposals, to address the effects of changing the exchange rate on investment projects.



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