Member of the Parliamentary Finance Committee, Jamal Kujar, said today, Thursday, that the decline in the exchange rates of the dollar against the Iraqi dinar is due to the citizen’s fear of the fluctuation occurring, and linked this to the budget that was stopped before the local elections, while he indicated that the government’s shift towards electronic dealing in the next year is considered a development. Positively.
Cougar confirmed, in an interview with the official newspaper, followed by NRT Arabia, that the dollar may witness a greater decline when exchanged against the Iraqi dinar, especially with the resumption of larger budget disbursements, and the government’s implementation of the electronic system, which aims to reduce financial dealings with the dollar.
He added that the current exchange rate in the market is unreal, noting that the fear of fluctuation leads to a rise and fall in prices.
Koger stressed that the real price must be determined by the criterion of need, expressing his concern about the lack of solid financial institutions that talk about import and export.
He pointed out that the government did not spend the budget during the local elections period to avoid exploiting it in electoral campaigns, calling on the government to start disbursing the budget more to achieve stability in the market and the exchange rate.
nrttv.com
