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possibility of reducing the dollar exchange rate in the new general budget
Monday, July 18, 2022 8:51 PM
National News Center/ Baghdad
Today, Monday, the economic expert, Abdul Rahman Al-Mashhadani, indicated the possibility of reducing the dollar exchange rate in the new general budget.
In an interview with the National News Center, Al-Mashhadani said,
“Reducing the dollar exchange rate in the new budget is unlikely as a result of the instability of oil prices, in addition to the fact that
the government does not have huge financial savings, and
all the savings have been allocated to the law of emergency support for food security,” stressing that
"Dollar Depreciation Is Impossible". He added that
"the absence of a financial deficit in the new budget will be considered a great achievement as a result of the lack of funds in large quantities, as promoted by some parties." Al-Mashhadani expected,
"There will be a large deficit in the 2022 budget, as happened in the 2021 budget, when everyone was waiting for savings estimated at $21 billion, but we were surprised by a large deficit."
possibility of reducing the dollar exchange rate in the new general budget
Monday, July 18, 2022 8:51 PM
National News Center/ Baghdad
Today, Monday, the economic expert, Abdul Rahman Al-Mashhadani, indicated the possibility of reducing the dollar exchange rate in the new general budget.
In an interview with the National News Center, Al-Mashhadani said,
“Reducing the dollar exchange rate in the new budget is unlikely as a result of the instability of oil prices, in addition to the fact that
the government does not have huge financial savings, and
all the savings have been allocated to the law of emergency support for food security,” stressing that
"Dollar Depreciation Is Impossible". He added that
"the absence of a financial deficit in the new budget will be considered a great achievement as a result of the lack of funds in large quantities, as promoted by some parties." Al-Mashhadani expected,
"There will be a large deficit in the 2022 budget, as happened in the 2021 budget, when everyone was waiting for savings estimated at $21 billion, but we were surprised by a large deficit."
