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Iraq warned the US Treasury to leave the dollar.” Parliamentary Finance: The exchange rate will continue to decline
Politics |Yesterday, 19:45 |
Baghdad today - Baghdad
The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed today, Tuesday (March 26, 2024), that
Iraq “warned” the US Treasury of the sanctions policy and the possibility of Iraq converting to other currencies if they continued, while indicating that exchange rates would continue to decline.
Al-Atwani said, according to a statement from his media office, received by “Baghdad Today, ”that
“the American sanctions on private banks are political par excellence with the aim of putting pressure on the government,” stressing that
“the American Treasury is exerting great pressure on private banks and that the
Prime Minister will discuss this file during his upcoming visit to Washington.”". He added:
"We delivered a message to the US Treasury through the Central Bank of Iraq, that if this policy continues, Iraq will deal in currencies other than the dollar," pointing out that
"Iraq is awaiting an invitation to join the BRICS economic group." On the other hand, Al-Atwani explained,
“The committee is currently pressing towards amending the salary scale, and is
seeking to resolve it before the end of this year, and is
following up on the file of appointing 2020 lecturers to permanent staff, and
requesting the Ministry of Finance to include their appointment within the Ministry of Education’s allocations for the year 2024,” pointing out that
“The Ministry of Finance is awaiting approval of the budget schedules to launch financing for projects in all governorates.” He pointed out that
"Iraq needs to establish a culture of partnership between the private and public sectors in capital, implementation and management according to the principle of service in exchange for interest, and
we must focus on
maximizing non-oil revenues and
developing various productive sectors, instead of excessive reliance on oil, and
our constant emphasis on automating taxes and customs." And other government services with the aim of
fighting corruption and
developing 50% of the country’s non-oil imports,” noting that
“more than 10 trillion is the state’s loss from tax exemptions.”
Regarding exchange rates, the head of parliamentary finance confirmed that “the
exchange rate will continue to decline according to current data.”
https://baghdadtoday.news/245717-العراق-حذر-الخزانة-الأمريكية-بترك-الدولار.-المالية-النيابية-سعر-الصرف-سيستمر-بالانخفاض.html
Politics |Yesterday, 19:45 |
Baghdad today - Baghdad
The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed today, Tuesday (March 26, 2024), that
Iraq “warned” the US Treasury of the sanctions policy and the possibility of Iraq converting to other currencies if they continued, while indicating that exchange rates would continue to decline.
Al-Atwani said, according to a statement from his media office, received by “Baghdad Today, ”that
“the American sanctions on private banks are political par excellence with the aim of putting pressure on the government,” stressing that
“the American Treasury is exerting great pressure on private banks and that the
Prime Minister will discuss this file during his upcoming visit to Washington.”". He added:
"We delivered a message to the US Treasury through the Central Bank of Iraq, that if this policy continues, Iraq will deal in currencies other than the dollar," pointing out that
"Iraq is awaiting an invitation to join the BRICS economic group." On the other hand, Al-Atwani explained,
“The committee is currently pressing towards amending the salary scale, and is
seeking to resolve it before the end of this year, and is
following up on the file of appointing 2020 lecturers to permanent staff, and
requesting the Ministry of Finance to include their appointment within the Ministry of Education’s allocations for the year 2024,” pointing out that
“The Ministry of Finance is awaiting approval of the budget schedules to launch financing for projects in all governorates.” He pointed out that
"Iraq needs to establish a culture of partnership between the private and public sectors in capital, implementation and management according to the principle of service in exchange for interest, and
we must focus on
maximizing non-oil revenues and
developing various productive sectors, instead of excessive reliance on oil, and
our constant emphasis on automating taxes and customs." And other government services with the aim of
fighting corruption and
developing 50% of the country’s non-oil imports,” noting that
“more than 10 trillion is the state’s loss from tax exemptions.”
Regarding exchange rates, the head of parliamentary finance confirmed that “the
exchange rate will continue to decline according to current data.”
https://baghdadtoday.news/245717-العراق-حذر-الخزانة-الأمريكية-بترك-الدولار.-المالية-النيابية-سعر-الصرف-سيستمر-بالانخفاض.html
