WOTS MON AUG 16 21 Finance Minister: The Iraqi government has put the economic reality on the right track through the white paper

Finance Committee: The dollar exchange rate will not change before five years

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On Sunday, the Parliament’s Finance Committee suggested that the exchange rate would remain at its current position for five years, while indicating that raising the exchange rate aims to achieve three main factors.

Committee member Naji al-Saidi said in a statement to the official agency, followed by "Nass", (August 15, 2021), that "the exchange rate will remain in its position during the next period for the next five years, on the description that the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar in addition to strength." Purchasing the Iraqi dinar and the net goods and services produced during a certain period.

He added that "the government is firm in achieving its goal by defining three main goals, the first is financial: which is to reduce the deficit in the public budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from Neighboring countries, and this is the main goal that the government seeks by filling the budget deficit.”