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Parliamentary Finance: The stability of the dollar exchange rate is linked to the budget disbursement

6ly410

By 6ly410,
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6ly410 Grand Master

6ly410

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Parliamentary Finance: The stability of the dollar exchange rate is linked to the budget disbursement

Parliamentary Finance: The stability of the dollar exchange rate is linked to the budget disbursement – Iraq News Network (aliraqnews.com)

Parliamentary Finance: The stability of the dollar exchange rate is linked to the budget disbursement
Last Update: December 28, 2023 - 10:18 AM

Baghdad / Iraq News Network - A member of the Parliamentary Finance Committee, Jamal Kojar, said on Thursday that the decline in the exchange rates of the dollar against the Iraqi dinar is due to the citizen's fear of the fluctuation taking place, and linked this to the budget that stopped before the local elections, while pointing to the government's shift towards electronic dealing next year is a positive development. He added that the current exchange rate in the market is not real, noting that the fear of fluctuation leads to rise and fall in prices. Koger stressed that the real price must be determined by the criterion of need, expressing concern about the lack of sober financial institutions talking about import and export. He pointed out that the government did not spend the budget during the local election period to avoid exploiting it in election campaigns, calling on the government to start spending the budget more to achieve stability in the market and the exchange rate.

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BETTYBOOP Grand Master

BETTYBOOP

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8 minutes ago, NWGUY said:

I love all this positivity!!!  Really hope we are getting to the end!  :bravo:

Me and you both. We know they say thing and nothing happens.... BUT we also know the opposite can happen with them.as well. The 3 Yr budget had a rate set at 1310. But they would need to do that to get the sums done and also in case they didn't manage to move forward in the way they have. Plus why not spend the budget if they were so sure about it and why recalculate it this late in the year?

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screwball Grand Master

screwball

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1 hour ago, BETTYBOOP said:

I just feel going from 1310 to 3.22 would be too big a shock to the markets if they do that straight out the gate. But I maybe wrong

maybe not......what happens if the market crashing, USD dollar dropping etc is all part of the plan??? what I know is its getting very very exciting!

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