Parliamentary move to raise the price of the dinar and maintain the stability of inflation


 

Wednesday 20 March 2019 1567

Baghdad / Omar Abdul Latif
The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation.
“The committee will move during the current legislative term towards changing the fiscal and monetary policy in the country in general,” said member of the committee Abdul Hadi al-Saadawi, 
Coming “.
He added that “the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state,” pointing out that “the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation
 In the country”.
“The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment.”

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