Economic: Parliament cannot change oil prices and the dollar in the 2021 budget
An economist, Bassem Antoine, confirmed, on Saturday, that the 2021 BUDGET IS MOVING TOWARDS A VOTE, and PARLIAMENT CANNOT AMEND THE EXCHANGE RATES OF THE DOLLAR OR SELL OIL.
Antoine said in a statement to the “information” agency, “It is NOT WITHIN THE POWERS OF THE HOUSE of Representatives to CHANGE and AMEND exchange rates and oil prices, whether the prices are high or low, as these are the exclusive powers of the government.” He added, “AFTER THE CENTRAL BANK APPROVED THE NEW EXCHHANGE RATES IN AGREEMENT WITH THE GOVERNMENT, the BUDGET NUMBERS ARE NOT SUBJECT TO AMENDMENT ANDCANNOT BE CHALLENGED BY PARLIAMENT.”
In a related context, Antoine emphasized, “The decrease or lack of central bank sales is a reflection of the changes that occurred in the exchange rates of the dollar, which pushed the merchant and the citizen to not risk and engage in new trade in light of the economic transformations of the Iraqi market.”