Al-Khalidi is surprised that the cabinet has formed a committee to study the consequences of changing the currency exchange rate


The head of the committee to follow up on the implementation of the government program and strategic planning, Hazem al-Khalidi, was surprised today, Tuesday, that the Cabinet had formed a committee to study the consequences of changing the currency exchange rate.

Al-Khalidi said in a press statement, “We were astonished by the decision of the Council of Ministers in its session held on (2/22/2021) to form a committee to study the consequences of changing the currency exchange rate and to propose the required solutions as far as the matter is related to investment projects where the committee is headed by a representative of the Ministry Planning and membership includes, in addition to the General Secretariat of the Council of Ministers, representatives of the ministries of finance, reconstruction, housing, works, public municipalities and electricity, as well as the National Investment Commission, the Central Bank of Iraq and the Federation of Iraqi Contractors.

He indicated that “it was the first to pay this great attention to studying the damage that occurred to citizens as a result of raising the exchange rate of the dollar, especially since the Ministry of Planning had announced some time ago that the poverty rate in Iraq had exceeded 31.5%, in addition to the large increase in prices that exceeded a third.” The value of all commodities and services exacerbated the poor living conditions of many middle and vulnerable families, and the poor citizen was the most affected.

He added, “The government’s tendency to form a committee to study the damage inflicted on contractors confirms the realism of our repeated demand to review the decision to raise the dollar’s unprepared exchange rate and return it to what it was in order to avoid all these damages, whether they are on the poor, low-income people and the general population. With contractors only, and neglecting the situation of millions of Iraqis affected by that, adding an article to the draft budget bill includes compensation to contractors at a value of (500) billion dinars, but the strangest thing of all is that the government senses the damage inflicted on contractors and does not feel the damage that has befallen citizens.

https://aynaliraqnews.com/index.php?aa=news&id22=144185

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