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Deputy exchange rate is likely to rise to 1600 dinars due to an expected action

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Deputy exchange rate is likely to rise to 1600 dinars due to an expected action

2,586 Economy 2021/03/29 16:07 HT
Baghdad today - follow up


The MP al-Fath coalition, Hamed al-Mousawi, warned of a large and expected setback that could be exposed to the Iraqi market in the coming days.

While the dollar exchange rate will become 600 dinars against the dollar in the coming period.

Al-Musawi said in a televised statement (BAGHDAD today). To act with cash reserve."

"The Iraqi Dinar will lose much of its value if he insisted on the adoption of the government's exchange rate in the budget law and 1450 dinars and the largest affected Iraqi citizen," he said.

"The dollar exchange rate will be sold in the coming days at the first two days, banks and the other puts the market, and this will lead to market confusion and prices rise to more than 30% compared to previous prices," Moussaoui said.

Member of the Parliamentary Finance Committee Mohammad Al-Nabki, said on Sunday (March 28, 2021), the House of Representatives was obliged to vote on the exchange rate of the dollar headquarters by the government in the budget bill for 2021.

"The Iraqi Council of Representatives, is obliged to vote on the exchange rate of the dollar as stated by the government in the budget bill, although there are large parliamentary objections to this price, but parliament does not have the validity of the amendment because this is It is exclusively through the government. "

"The amendment of the dollar exchange rate in front of the Iraqi dinar in the budget bill will make a lot of amendments to the paragraphs and materials of law, as well as any amendment will be caused by a budget deficit."

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