The Minister of Finance chairs a high-level meeting on the exchange rate of the dollar and the white paper
Baghdad – People: On Wednesday, Finance Minister Ali Abdul-Amir Allawi discussed with the private sector and agents of some ministries the positive effects of changing the exchange rate, as well as the reform white paper procedures.
A statement issued by the media office of the Minister of Finance, which “people” received a copy of (February 24, 2021), stated that “Finance Minister Ali Abdul Amir Allawi chaired an expanded meeting to discuss the objectives achieved by changing the currency exchange rate.”
He added, “During the meeting, a review and discussion of the positive effects of changing the exchange rate of the dinar against the dollar and the impact of that step on re-balancing the Iraqi economic reality burdened with challenges and obstacles and protecting it from the risk of collapse.”
He continued, “The meeting also 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 stated, “The meeting discussed the encouraging measures related to the work of the banking sector and its contribution to providing support to 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,” indicating that “the minister also heard most of the problems raised by representatives from the sector. Private and industrialist. ”
Allawi stressed, according to the statement, 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 of the general budget bill.”
The statement indicated, “The meeting was attended by the representatives of the ministries of finance and planning, the advisor to the office of the prime minister, Abdul Hussein Al-Anbaki, the financial advisor to the Ministry of Finance, and a number of general directors, heads of bodies and a group of representatives from the private sector and industrialists.”