Representative economic: the conditions are ready to adjust the exchange rate and the oil barrel in the budget
Baghdad Today – A member of the Parliamentary Economic and Investment Committee, Mazen Al-Faili, confirmed today, Friday, that the conditions are ready to adjust the exchange rate of the dollar against the Iraqi dinar, as well as the price of a barrel of oil in the draft Federal Budget Law for 2021 .
In an interview with (Baghdad Today), Al-Faily said, “The conditions are in place to restore or reduce the exchange rate of the dollar against the Iraqi dinar in the draft budget, but it is difficult to achieve this in light of the completion of the draft formulation, discussion and study in the Parliamentary Finance Committee, therefore we need to reformulate The project and this is not possible. ”
He added that “there is a tendency to raise the price of a barrel of oil in the draft budget law, in view of the high prices in the global markets,” stressing that “the current price contributed to the availability of large financial revenues for the state.”
The First Deputy Speaker of Parliament, Hassan Al-Kaabi, had called on the Ministry of Finance to amend the exchange rate of the dollar, because citizens were affected by the current price.