Changing the dollar exchange rate enters the political bidding in Iraq Money Articles June 29 22
Changing the dollar exchange rate enters the political bidding in Iraq Money Articles June 29 22
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\nSeveral sources confirm that this matter falls under the jurisdiction of the Ministry of Finance and the Central Bank\nSome Iraqi political forces seeking to form the new government are working to change the exchange rate of the dollar against the Iraqi dinar (the price of one dollar in the market today is about 1470 Iraqi dinars), although this is excluded due to the repercussions of
\nchanging its price again and the state of confusion. Which will be caused to the local market after its stability.
Bidding and tickling the feelings of the street
\nThe Finance Committee of the Iraqi Parliament describes what some are promoting about the possibility of the House of Representatives
\n
\nissuing decisions that restore the exchange rate of the dollar to what it was in the past, that is, to 1200 Iraqi dinars for every US dollar, which are nothing but auctions and titillation for the feelings of the street. Last Thursday, Representative Uday Awad announced that he had collected the signatures of more than 100 deputies to reduce the exchange rate of the US dollar against the Iraqi dinar. Awad stated that based on Article (61-Seventh-C) of the Iraqi constitution and Article (56) of the internal system, please include the issue of reducing the price of the dollar in the earliest possible session, according to constitutional contexts, and because of the economic repercussions taking place in the country and the collapse of the currency and its impact on the Iraqi citizen. In
\nturn, the Parliamentary Finance Committee denied what was recently reported about Parliament's efforts to restore the dollar's exchange rate to its previous state.