Al-Kazemi ends the debate over the dollar exchange rate: Stay away from auctions, for he has taken the decision

Al-Kazemi ends the debate over the dollar exchange rate: Stay away from auctions, for he has taken the decision



2021-03-30 05:22

Shafaq News / Prime Minister Mustafa Al-Kazimi confirmed, on Tuesday, that the exchange rate of the dollar against the Iraqi dinar was taken according to a vision and strategy he described as the two goals.

"We hope to stay away from auctions on the issue of the dollar exchange rate, as the decision was taken by the Central Bank according to a purposeful vision and strategy," Al-Kazemi said during the cabinet session held today.

"We are starting to see results on the growth of cash reserves, and on Iraq's international credit rating," he added.

Unlike previous times, the Presidency of the Iraqi Parliament did not set any new date for voting on the budget, amid the emergence of a new disagreement between the political forces that includes the demand to return the exchange rate of the dinar to 1200 dinars per dollar, about 4 months after the government approved a plan to reduce the general deficit in the country by reducing The exchange rate of the dinar to 1450 dinars per dollar, in an attempt to achieve a financial difference between imports in hard currency that the country receives from the sale of oil and domestic spending on salaries and others.

Political blocs, including the Al-Fateh bloc, the rule of law and the victory bloc, object to the lifting of subsidies on the dollar, which is one of the reasons that prompted the delay in approving the general budget in the Iraqi parliament.




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