Iraq is facing a date to officially restore the previous dollar exchange
- Author
- Tish Washington
- Published
- Sun 23 May 2021
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/Iraq-is-facing-a-date-to-officially-restore-the-previous-dollar-exchange-e11e25l
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Iraq is facing a date to officially restore the previous dollar exchange rate
The Parliamentary Economic and Investment Committee confirmed that the exchange rate of the dollar against the Iraqi dinar is fixed and does not change until 2025.
It was assumed that "changing the exchange rate of the dollar against the Iraqi dinar for one year only," according to committee member Nada Shaker Jawdat, but "the agreement of the political forces and the government was the opposite."
According to the agreement, "the exchange rate of the dollar remains constant until 2025," according to what Jawdat spoke, noting that "raising the price of the dollar caused the price of foodstuffs and spare and construction materials to rise by 25% from their real value."
"Had it not been for the approval of the heads of political blocs, Prime Minister Mustafa Al-Kazemi, the Minister of Finance and the Governor of the Central Bank would not have dared to change the exchange rate of the dollar against the Iraqi dinar," Jawdat continued.
