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Found 1 result

  1. Urgent action from the House of Representatives after raising the price of the dollar 2020.12.20 - 13:46 Baghdad - People On Sunday, the Parliamentary Economic and Investment Committee held an urgent meeting to discuss the implications of raising the dollar’s exchange rate against the Iraqi dinar. The head of the committee said in a statement that "people" received a copy of it, (December 20, 2020), that "the committee held an urgent meeting today with the head of the contractors union, to discuss the implications of raising the dollar exchange rate against the Iraqi dinar and its impact on the private sector as the committee is concerned with follow-up and attention." The role of the private sector in accordance with the provisions of Article 94 Second of the internal regulations of the House of Representatives, including the segment of contractors. He continued, "The meeting also discussed the effect of this on government contracts, as appropriate solutions will be found that preserve public money and support the non-occurrence of harm to the segment of contractors, in order to ensure the continuation of the development process, after coordination with the sectoral authorities and the competent committees in the House of Representatives." Earlier today, the Central Bank of Iraq informed the officially licensed banks to raise the exchange rate of the dollar against the Iraqi dinar. The bank said in a document addressed to the licensed banks, "People" received a copy of it, (December 20, 2020), in which it was stated, "The price of buying the dollar from the Ministry of Finance will be 1450 dinars per dollar, and 1460 dinars the selling price to banks through the currency sale window." The foreign exchange rate, while the selling price of banks and non-banking financial institutions to the final beneficiaries will be 1470 dinars per dollar.
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