*******The Minister of Finance discusses the impact of the dollar exchange rate on the country's economy

The Minister of Finance discusses the impact of the dollar exchange rate on the country's economy


Wednesday, February 24, 2021 4:15 PM


Baghdad / National News Center

Today, Wednesday, the Minister of Finance, Ali Abdul-Amir Allawi, discussed the impact of the dollar exchange rate on the country's economy.

The media office of the Minister of Finance stated, in a statement received by the "National News Center", that the latter chaired "an expanded meeting to discuss the objectives achieved by changing the currency exchange rate today, Wednesday, at the Ministry's headquarters."

He added, "The meeting reviewed and discussed the positive effects of changing the dinar exchange rate against the dollar and the effect of that step on re-balancing the Iraqi economic reality burdened with challenges and obstacles and protecting it from the risk of collapse."

He added, "The meeting also discussed mechanisms to change the investment environment, support the private sector and support industry and agriculture in line with corrective measures for the course of the national economy."

And he added, "The meeting discussed encouraging measures related to the work of the banking sector and its contribution to providing support to various productive sectors, as well as procedures for automating the tax and customs system and simplifying all administrative processes in line with the adoption of the white paper."

According to the statement, the Minister of Finance listened to "most of the problems that were raised by representatives of the private sector and industrialists."

While he stressed that "the Ministry of Finance has taken several measures in support of the effects of changing the exchange and is continuing to work on translating them effectively to protect the poor classes in conjunction with the approaching vote of the House of Representatives on the draft general budget bill."

The statement concluded that the meeting was "attended by the agents of the ministries of finance and planning, the advisor to the office of the prime minister, Abd al-Hussein al-Anbaki, the financial advisor to the Ministry of Finance, a number of general directors and heads of bodies and a group of representatives from the private and industrial sector."




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The Minister of Finance chairs a meeting on "changing the exchange rate"
Economie
2021-02-24 | 09:46

Today, Wednesday, the Minister of Finance, Ali Abdul Amir Allawi, chaired an expanded meeting to discuss the goals achieved by changing the currency exchange rate.

The ministry said in a statement that Alsumaria News obtained a copy of, that "during the meeting, a review and discussion of the positive effects of changing the exchange rate of the dinar against the dollar and the effect of that step on rebalancing the Iraqi economic reality burdened with challenges and obstacles and protecting it from the risks of collapse, in addition to discussing mechanisms Change the investment environment, support the private sector, and support industry and agriculture in line with corrective measures for the path of the national economy.

The meeting discussed, according to the statement, "the encouraging measures related to the work of the banking sector and its contribution to providing support to the various productive sectors. As well as procedures for automating the tax and customs system and simplifying all administrative operations in line with the adoption of the white paper." .

Allawi stressed, "The Ministry of Finance has taken several measures in support of the effects of changing the exchange and is continuing to work on translating them effectively to protect the poor classes, in conjunction with the approaching vote of the House of Representatives on the draft general budget bill."








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The Minister of Finance announces measures to support the effects of changing the exchange ... and discusses the White Paper procedures

   Time: 02/24/2021 16:38:52 Read: 3,380 times

The Minister of Finance announces measures to support the effects of changing the exchange ... and discusses the White Paper procedures

{Baghdad: Al Furat News} The Minister of Finance, Ali Abdul Amir Allawi, chaired, on Wednesday, an expanded meeting to discuss the goals achieved by changing the currency exchange rate.

According to the ministerial statement, the Euphrates News received a copy of it, that "during the meeting, a review and discussion of the positive effects of changing the exchange rate of the dinar against the dollar and the effect of that step on rebalancing the Iraqi economic reality burdened with challenges and obstacles and protecting it from the risk of collapse."

He added, "The meeting also discussed mechanisms to change the investment environment, support the private sector and support industry and agriculture in line with corrective measures for the course of the national economy."

The statement continued, "The meeting also discussed the encouraging measures related to the work of the banking sector and its contribution to providing support to the various productive sectors, as well as procedures for automating the tax and customs system and simplifying all administrative operations in line with the adoption of the White Paper. The Minister listened to most of the problems raised by representatives of the private sector and industrialists ".

Allawi stressed during the meeting, "the ministry has taken several measures to support the effects of changing the exchange rate and continues to work on translating it effectively to protect the poor classes, in conjunction with the approaching vote of the House of Representatives on the draft general budget bill."

It is noteworthy that the meeting was attended by the representatives of the ministries of finance and planning, the advisor to the office of the prime minister, Abd al-Hussein al-Anbaki, the financial advisor to the Ministry of Finance, a number of directors general, heads of bodies and a group of representatives from the private and industrial sectors.




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A government statement on changing the exchange rate of the dollar against the dinar: We protect the poor
2021-02-24

Yes Iraq - Baghdad

Finance Minister Ali Abdul Amir Allawi chaired, on Wednesday, February 24, 2021, an expanded meeting to discuss the goals achieved by changing the currency exchange rate, according to a ministry statement.

The statement said that during the meeting, a review and discussion of the positive effects of changing the exchange rate of the dinar against the dollar and the effect of that step on rebalancing the Iraqi economic reality burdened with challenges and obstacles and protecting it from the risk of collapse, according to the text of the statement.

The meeting also discussed mechanisms to change the investment environment, support the private sector, and support industry and agriculture, in line with corrective measures for the course of the national economy.

The meeting discussed the encouraging measures related to the banking sector's work and its contribution to providing support to various productive sectors. In addition to the procedures for automating the tax and customs system and simplifying all administrative processes in line with the adoption of the White Paper, the Minister listened to most of the problems that were raised by representatives of the private and industrial sector.

Allawi stressed that the Ministry of Finance has taken several measures in support of the effects of changing the exchange and is continuing to work on translating them effectively to protect the poor classes, in conjunction with the approaching vote of the House of Representatives on the draft general budget bill.

The meeting was attended by the representatives of the ministries of finance and planning, the advisor to the prime minister's office, Mr. Abdul Hussein Al-Anbaki, the financial advisor to the Ministry of Finance, and a number of the general managers, heads of bodies, and a group of representatives from the private and industrial sector.

The raising of the dollar’s ​​exchange rate against the dollar was widely rejected because of its effects that pushed up the prices of many commodities in the market, whether local or imported.


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An expanded meeting chaired by the Minister of Finance to discuss the implications of changing the exchange rate



2/24/2021 - 5:21 PM

Today, Wednesday, the Minister of Finance, Ali Abdul Amir Allawi, chaired an expanded meeting to discuss the goals achieved by changing the currency exchange rate.

The ministry said in a statement received by Al-Ahed News: “During the meeting, the positive effects of changing the exchange rate of the dinar against the dollar and the impact of that step on rebalancing the Iraqi economic reality burdened with challenges and obstacles and protecting it from the risks of collapse were discussed, in addition to discussing mechanisms for changing The investment environment, private sector support, industry and agriculture support, in line with corrective measures for the path of the national economy.

The meeting discussed, according to the statement, “the encouraging measures related to the work of the banking sector and its contribution to providing support to the various productive sectors. As well as the procedures for automating the tax and customs system and simplifying all administrative processes in line with the adoption of the White Paper. The Minister listened to most of the problems raised by representatives of the private sector and industrialists.

Allawi said, "The Ministry of Finance has taken several measures in support of the effects of changing the exchange and is continuing to work on translating them effectively to protect the poor classes, in conjunction with the approaching vote of the House of Representatives on the draft general budget bill."


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