Representative Finance: Determining the exchange rate of the dollar is a government matter and it is its exclusive powers
Today, Thursday, the Parliamentary Finance Committee issued a clarification regarding the exchange rate of the dollar, indicating that determining the exchange rate of the dollar is a governmental matter and one of its exclusive powers.
The committee said in a statement issued by the Information Department of the House of Representatives that “determining the exchange rate of the dollar is a governmental matter and one of its exclusive powers is that it is the one who designs and implements the financial and monetary policy,” indicating that “the inclusion of that price in the draft Federal Budget Law for 2021 is to calculate the value of oil revenues and loans.” International, which is calculated on a dollar basis and converted into Iraqi dinars depending on the exchange rate. ”
She pointed out that “that price was mentioned in the budget, and it is not intended to acknowledge or not, but to approve it in the calculation of revenues and expenditures only, as mentioned above.”