WOTS MON JUL 18 22 A new Iraqi government plan to reduce the dollar exchange rate

WOTS MON JUL 18 22 A new government plan to reduce the dollar exchange rate

To see this article in full and more go to: My FX Buddies Blog

A new government plan to reduce the dollar exchange rate...and the salaries of 4 ministries will be self-financed

link

Today, Monday, the Prime Minister’s Adviser for Economic Affairs, Haitham Al-Jubouri, presented an economic vision that is summed up in converting four ministries to a self-financing system, restoring the dollar exchange . rate and standardizing employee salaries



Al-Jubouri said, in a statement I followed (Baghdad Today): “There is an economic vision for the next stage, a section of which has been written, and the most prominent of these ideas is the transformation of four ministries, namely transport, communications, interior and trade, from central to self-financing, and they can benefit from the revenues generated for them, through companies. The large and discreet that it owns or the revenues that are achieved through its work,” noting “the possibility of benefiting from the amounts allocated to it from the state treasury in ”. establishing productive development projects



He added, "There is a vision in the exchange rate of the dollar, and restoring confidence and strength to the Iraqi dinar, provided that it is not by a decision, as happened in the decision to raise the exchange rate, but by real economic reforms and an increase in non-oil revenues with a plan that extends from one to four years, and increasing the volume of investments in the country by persuading Iraqi investors who invest their money abroad to return to Iraq through facilities provided ”.to them and encouraging them to invest their money inside the country



Al-Jubouri pointed out that "among the vision is the automation of government procedures, electronic connectivity, amending instructions for implementing government contracts, and the issue of tax exemptions with a focus on increasing the tax base through profitable companies or personalities," expressing "regret that there is a focus on the simple citizen in the tax issue." While most companies evade .the final accounts as they are fictitious