An Iraqi forum discusses the impact of changing the exchange rate on the poor, destitute and low-income class and the treatments required for that

[yota691]

An Iraqi forum discusses the impact of changing the exchange rate on the poor, destitute and low-income class and the treatments required for that

Sunday 10, January 2021 22:04 | Economical Views: 760

Baghdad / NINA / An Iraqi Forum held its fourth session this evening, Sunday, in the presence of a number of members of Parliament to discuss the impact of changing the exchange rate on the poor, needy and low-income class and the remedies required for that.

The coalition of Iraqis said in a statement that the meeting was attended by MP Hisham Al-Suhail, head of the Iraqi Parliamentary Bloc, Ihsan Shamran Al-Yasiri, advisor to the Central Bank, and Dr. Safwan Qusay, an economic expert.

Al-Suhail stressed the need for financial treatments to receive economic and social treatments from the support of the poor and the industrial, agricultural and productive sectors, stressing the need to put an end to the rumors related to the dollar, stressing that the budget does not fit with the austerity policy that the government wants in this period.

For his part, Al-Yasiri pointed to the need to take the initiative of the Central Bank of Iraq to support the agricultural and production sector, indicating that the new exchange rate gives space for national production, pointing out that the productive sectors that are produced in a record period, such as the sectors of agriculture and construction and the like.

To that, Dr. Safwan Qusay called for combating corruption, recovering Iraqi money, supporting the disadvantaged segments, providing the ration, and adopting a tax policy that is diminishing with social benefits. / End 9

[DWS112]

1 hour ago, yota691 said:

changing the exchange rate on the poor, needy and low-income class and the remedies required for that

 

1 hour ago, yota691 said:

The coalition of Iraqis said in a statement that the meeting was attended by MP Hisham Al-Suhail, head of the Iraqi Parliamentary Bloc, Ihsan Shamran Al-Yasiri, advisor to the Central Bank, and Dr. Safwan Qusay, an economic expert.

Looks like an important meeting

[md11fr8dawg]

Very important meeting. Where they talk and talk and talk until a few thousand more of their poor citizens die from starvation and then it's time for a long made up holiday, because they worked SO HARD!!!

[Atomicdawg]

Your so right and I have been there a good number of times its true so many meetings no execution.

[rvmydinar]

23 minutes ago, md11fr8dawg said:

Very important meeting. Where they talk and talk and talk until a few thousand more of their poor citizens die from starvation and then it's time for a long made up holiday, because they worked SO HARD!!!

Exactly. Iraq never do what they say. Always Delay delay and delay. However, when it comes to " holiday  " is always ready anytime anywhere get set go, never ever delay on holiday. No surprises. 

[horsesoldier]

Yet another Captain Obvious meeting 

[rvmydinar]

33 minutes ago, md11fr8dawg said:

Very important meeting. Where they talk and talk and talk until a few thousand more of their poor citizens die from starvation and then it's time for a long made up holiday, because they worked SO HARD!!!

They worked so hard? May be doing more and more corruptions are what they call worked so hard. Because a corruption and huge bribes are a way of doing business in iraq since saddam hussein. I have a doubt iraq can become a free corruption country, but who knows hopefully i could be wrong though.

[GreedyDinar07]

And what happened to the Economic White Paper Plan that was supposed to roll out on January 1st to save the economy. 

Something really bad is going to happen and Iraq will never emerge from the sand if this continues. People are starting to protest and soon ISIS will fill the vacuum. I know people don't want to hear this but what has happened in the last 13 years where anyone has benefited from Iraq except Iran and the corrupt ministers .Now the exchange rate has been reduced and for how long? No one has an idea and the question is what will happen in the mean time? They are not giving the people any hope and poverty breeds crime. Will the Country remain stable while they save "12 trillion dinars" by devaluing the dinar? We keep hoping for a RV within the coming months but to no avail. I will bet the farm the rate won't change this year, bombs will go off like one did last week which was not reported on this site, and the auction and corruption will continue! If the people were feed up with the rate at 1190 do you think they are gonna jump for joy at 1450.

[screwball]

18 hours ago, yota691 said:

stressing that the budget does not fit with the austerity policy that the government wants in this period.

 Yep.,,, indicating that the new exchange rate gives space for national production,

 

Need to adjust rate remove exchange rate restrictions and create fiscal space as per imf 2017

Edited January 12, 2021 by screwball