- number of readings 676
- Section : Iraq
Baghdad / Obelisk: The spokesman for the Council of Ministers, Hassan Nazim, confirmed, on Monday, September 6, 2021, that the dollar exchange rate will be fixed in the draft financial budget law for 2022 and there will be no change in it.
Nazim said in a press statement, which was followed by “The Obelisk”, that increasing the dollar exchange rate is an idea that has been discussed for years, and the previous government did not dare to take this step because of the risks and controversies surrounding it, and Al-Kazemi’s government was bold to take this decision because it is in the interest of the Iraqi economy, and in the economic vision. Reform of the Ministry of Finance, as this idea was presented within the reforms of the white paper and won acceptance and extensive discussion.
And he continued: The government always takes steps to support goods and materials whose prices have risen, and has developed solutions and taken decisions regarding them. The idea of the dollar exchange rate is not retracted by this government, and I do not think any 2022 budget will change this price, since this government is the one who will set the budget for the next year.
He pointed out that the government at one time was unsure of its ability to pay the salaries of employees, but with its policy it crossed this crisis and the increase in oil prices came as a catalyst, and even if oil prices increase, there will be major problems unless there is a wise management of the financial resources coming from export raw.
He pointed out that there is a kind of rise in the foreign reserve, and there is no abundance as a result of the accumulated deficit, and therefore any financial increase through which the government will try to fill the deficit with it, and we are not talking about existing surplus funds that we park here and there, but rather we are trying, within the white reform paper, to control the Economy and make it dynamically developed.
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