Financial official determines the possibility of changing the dollar exchange rate in next year's budget

[HowieC]

Financial official determines the possibility of changing the dollar exchange rate in next year's budget

 

06:50 - 16/11/2021

Special - Al-Mawazine News

, the (former) Director of the Financial Supervision Bureau, Salah Nuri, has determined, on Tuesday, the possibility of restoring and considering the previous dollar exchange rate.

Nuri said in an interview with "Mawazine News" that "according to our information, the general budget for the next year is not much different from the budgets of previous years, in terms of financial allocations and disbursement, as they will be followed by the same mechanism, and that the method of preparing it and the financial and spending ceiling is similar."

He added, "There is a possibility to reconsider the dollar exchange rate gradually, and that the return will not be in the same way it was changed," noting that "the exchange rate remains on its status in the 2022 budget."

He pointed out, "The rise in the exchange rates of the dollar greatly affected the living situation of citizens, and that the benefit was obtained only for the Ministry of Finance by increasing its financial liquidity and disbursing salaries without the need to borrow."

He pointed out that "the currently approved exchange rate reduced the ability of the Iraqi citizen (the employee) to purchase by 48%, while the fragile classes were the most affected." Ended

 

https://www.mawazin.net/Details.aspx?jimare=175238

[screwball]

time will tell....

[horsesoldier]

Can’t help but wonder if there’s another year of  headed our way 

[3 bucks new rv rate]

1 hour ago, HowieC said:

the (former) Director of the Financial Supervision Bureau, Salah Nuri, has determined, on Tuesday, the possibility of restoring and considering the previous dollar exchange rate.

 "There is a possibility to reconsider the dollar exchange rate gradually 

I just don't like the word " a possibility to reconsider ". and hopefully, " the previous dollar exchange rate " doesn't mean 1190.

[JonnyV]

They will NEVER tell us what they are going to do.   It’s all a secret until it happens. 

[screwball]

2 hours ago, JonnyV said:

They will NEVER tell us what they are going to do.   It’s all a secret until it happens. 

exactly i think next year is our year, back in 2013 it  was planned for Jan or Feb by memory, so we just wait

[screwball]

4 hours ago, horsesoldier said:

Can’t help but wonder if there’s another year of  headed our way 

i honestly dont think so

[screwball]

5 months tops for some rate change

[blueskyline]

CBI's responsibility 

[haymon]

Man this baby needs to pop or ......... 

[screwball]

On 11/17/2021 at 12:03 PM, HowieC said:

Financial official determines the possibility of changing the dollar exchange rate in next year's budget

 

06:50 - 16/11/2021

Special - Al-Mawazine News

, the (former) Director of the Financial Supervision Bureau, Salah Nuri, has determined, on Tuesday, the possibility of restoring and considering the previous dollar exchange rate.

Nuri said in an interview with "Mawazine News" that "according to our information, the general budget for the next year is not much different from the budgets of previous years, in terms of financial allocations and disbursement, as they will be followed by the same mechanism, and that the method of preparing it and the financial and spending ceiling is similar."

He added, "There is a possibility to reconsider the dollar exchange rate gradually, and that the return will not be in the same way it was changed," noting that "the exchange rate remains on its status in the 2022 budget."

He pointed out, "The rise in the exchange rates of the dollar greatly affected the living situation of citizens, and that the benefit was obtained only for the Ministry of Finance by increasing its financial liquidity and disbursing salaries without the need to borrow."

He pointed out that "the currently approved exchange rate reduced the ability of the Iraqi citizen (the employee) to purchase by 48%, while the fragile classes were the most affected." Ended

 

https://www.mawazin.net/Details.aspx?jimare=175238

is this why people think the budget is linked to rate???  coincidence that all this is going on with dollar dinar rate at the moment, stopping using USD in country etc....maybe we are correct