The Iraqi People Hit the Streets to Demand A Exchange Rate Change

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Finance issued a statement on the change of the dollar exchange rate

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The Ministry of Finance announced, on Wednesday, that an expanded meeting will be held between Finance Minister Ali Abdul Amir Allawi and representatives of the private sector to study the goals achieved by changing the exchange rate of the dinar.

A statement by the ministry, which NRT Arabia received a copy of, today (February 24, 2021), stated that "during the meeting, the positive effects of changing the exchange rate of the dinar against the dollar and the effect of that step on rebalancing the Iraqi economic reality burdened with challenges and obstacles and protecting it from Collapse risk. "

He added, "The meeting discussed mechanisms to change the investment environment, support the private sector, and support industry and agriculture in line with corrective measures for the course of the national economy . "

He explained, "The meeting discussed the encouraging measures related to the work of the banking sector and its contribution to providing support to the various productive sectors, as well as procedures for automating the tax and customs system and simplifying all administrative processes in line with the adoption of the white paper, and the Minister listened to most of the problems raised by representatives of the private sector and industrialists." . Allawi stressed that the Ministry of Finance has taken several measures in support of the effects of changing the exchange and is continuing to work on translating them effectively to protect the poor classes, in conjunction with the approaching vote of the House of Representatives on the draft general budget bill . It is worth noting that the reduction in the exchange rate of the dinar against the dollar was met with widespread popular rejection because of its effects that pushed up the prices of many commodities in the market, whether domestic or imported