Parliamentary Finance: Reconsidering the dollar exchange rate is subject to political auctions

[yota691]

Parliamentary Finance: Reconsidering the dollar exchange rate is subject to political auctions

• Time: 09/22/2022 22:08:07
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• Reading: 2,249 times

  

{Economic: Al Furat News} The Parliamentary Finance Committee stressed that reconsidering the dollar exchange rate is exclusively within the authority of the Ministry of Finance and the Central Bank of Iraq.

 

Committee member Jamal Cougar told {Euphrates News} that "the issue of reconsidering the dollar exchange rate is not within the competence or powers of the Finance Committee, but it is related to the country's financial policy and therefore it is affiliated with the executive body and from the executive body, and it is an exclusive issue related to the Ministry of Finance and the Central Bank."
He added, "Any talk by any deputy on this issue is illogical and is considered an interference in the powers of others and auctions to the street."
"We will hear about this a lot, especially if early elections are confirmed, then this file will be used for auctions," Cougar confirmed.
In the past two years, the current government was forced to take a number of urgent measures to confront the financial crisis during the Corona pandemic and the decline in oil prices, which threatened the government with an inability to pay the monthly dues and salaries of employees and retirees, amounting to about 6 billion dollars.
One of the measures was to reduce the value of the dinar against the dollar by about 30 percent, so that the government could benefit from the foreign currency difference from selling oil.

Raghad Daham

[steveh12]

Thank You Yota!😊

[horsesoldier]

Here we go again. Just how much longer are they going to keep this up !?!?!

Yea I know, it's a rhetorical question - indefinitely huh.

These folks could conceivably talk themselves right off the cliff into the Abyss. They've been doing a bang up job of sprinting towards the cliff edge thus far.

[Donziman]

Be careful Dinar holders..Wanting a change in rate has never worked in our favor. The rate has changed a couple of times since i invested twelve years ago. It's worse now than it was then.

[ronscarpa]

2 hours ago, Donziman said:

Be careful Dinar holders..Wanting a change in rate has never worked in our favor. The rate has changed a couple of times since i invested twelve years ago. It's worse now than it was then.

 

You're right Donziman..! I gave you an UP for the clown who gave you a ruby..!

[DanP]

UN meetings and a new moon tomorrow. RV Monday cash in Friday or is it RV Friday and cash in Monday. It’s been so long I can’t remember how it really goes