Parliamentary Finance: Government transactions in non-dollar currencies will contribute to stabilizing its official rate, 13 DEC

  Parliamentary Finance: Government transactions in non-dollar currencies will contribute to stabilizing its official rate

12-12-2023

Parliamentary Finance - Government transactions in non-dollar currencies will contribute to stabilizing its official rateInformation/Baghdad..

The Parliamentary Finance Committee confirmed, on Tuesday, that the government’s move toward currencies other than the dollar in foreign dealings will contribute to stabilizing its official rate of 1,320 dinars to the dollar.

Committee member Jamal Cougar said in an interview followed by “Al-Ma’louma” that “the government’s move towards currencies other than the dollar will facilitate the trade issue on the one hand and push traders to deal with the platform more and reduce pressure on the dollar instead of focusing on it, stressing that it will contribute to stabilizing its official price.” “.

He added, “The government has spent only 20% of the current year’s budget, and it is assumed that after December 20, a good portion of the budget will be spent for a period of five days until the accounts are closed.”

A member of the Parliamentary Finance Committee pointed out that, “With the beginning of the new year, the budget schedules for next year 2024 will be sent.”

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