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Finance issues a statement on the effects of adjusting the dollar exchange rate

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Finance issues a statement on the effects of adjusting the dollar exchange rate

Time: 01/08/2021 09:52:18 Read: 6,435 times

{Baghdad: Al Furat News}
The Ministry of Finance issued a statement on the measures supporting the increase in the positive effects of adjusting the exchange rate of the dollar against the Iraqi dinar.

"The Ministry of Finance is fully aware that there are a number of supportive measures that must be taken to increase the positive effects of adjusting the exchange rate.

The Ministry of Finance has not been able to do so publicly due to the sensitivity of the issue and because the budget must be approved first," said her statement. By the cabinet."

He added, "The Ministry of Finance has led extensive discussions in the past weeks after the approval of the budget by the Council of Ministers regarding the follow-up to adjusting the exchange rate with many parties inside and outside the government,

and these discussions will culminate next week with a proposed expanded meeting with the main economic actors from the public and private sector, where the Ministry of Finance will develop its policy program Detailed designed to maximize the benefits of an exchange rate adjustment."

The Ministry of Finance hopes that "these measures coincide with discussions within the House of Representatives on the budget."

She pointed out, "The main policy measures to protect the poor and vulnerable have been included in the budget and discussed in the minister's statement regarding the budget."

On the 19th of last month, the Central Bank of Iraq decided to raise the exchange rate of the dollar against the dinar with the support of the Ministry of Finance, and it became official:

1450 dinars per dollar is the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar the selling price of foreign currency to banks.
1470 dinars per dollar is the selling price of foreign currency to the public.

Ammar Al-Masoudi

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