"THE BUDGET LAW WILL CONTRIBUTE TO AN INCREASE IN THE VALUE OF THE IQD", 28 JULY

 Parliamentary Finance: Working With The Budget Law Will Contribute To An Increase In The Value Of The Dinar

Economy  12:28 - 2023-07-28  The Parliamentary Finance Committee confirmed that there is no official justification for the rise in the value of the dollar against the dinar, while attributing the occurrence of the problem to the lack of dollar supply and rumors prevailing in the market. 

Committee member Dr. Nermin Maarouf said that the lack of dollar supply by the Central Bank and the rumors circulating in the market and social networking sites affected the decline in the value of the Iraqi dinar against the US dollar, but in conclusion there is no official decision to raise the value of the dollar against the dinar, suggesting the rise in the value of the dinar. In the near future.

The representative of the National Union parliamentary bloc added that the Iraqi government is forced to put the dollar in its possession from the sale of oil to the market and replace it with dinars, in order to distribute salaries and complete projects, which leads to an increase in the supply of the dollar in the market and thus a decrease in its value, noting that the entry into force of the budget law He, too, will contribute to the rise in the value of the dinar against the dollar, because according to the Federal Budget Law, the price of one hundred dollars has been set at one hundred and thirty thousand dinars.

https://kirkuktv.net/AR/Details/16530

Finance Minister Talking About The Tripartite Budget

Policy   2023/07/28 Number of readings: 264   Baghdad - Iraq today:  Finance Minister Taif Sami Muhammad stressed the importance of completing the instructions for implementing the tripartite budget.

A statement by the ministry stated, “The Minister of Finance, Taif Sami Muhammad, stressed the importance of expediting the procedures for reviewing the instructions for implementing the federal general budget for the years 2023, 2024 and 2025 No. 13 of 2023, which was recently approved by Parliament, by redoubling coordination and cooperation efforts with all relevant agencies and institutions."

and emphasizing that support reaches those who deserve it, in addition to moving towards advancing sustainable development. Facing international and local economic challenges.

And she urged the Minister of Finance, according to the statement, "that the Ministry of Planning issues the necessary controls to facilitate the task of listing projects of an investment nature, as well as all listing requirements. It is noteworthy that the technical coordination meetings It has been continuing since the beginning of this week between the Ministry and the Instructions Implementation Committee, with the participation of representatives of all concerned authorities.  LINK