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Tues. PM TNT News Articles 11-1-22

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TNT

Tishwash:
Al-Sudani determines who is responsible for changing the dollar exchange rate – urgent

On Tuesday, Prime Minister Muhammad Shiaa Al-Sudani directed all ministers to prepare and present the government program within a week, indicating that .changing the dollar exchange rate is a prerogative of the Central Bank

Al-Sudani stressed during the cabinet session, in a statement received (Baghdad today), that “the government is proceeding to implement its government program through high coordination between state institutions, and he urged” all ministers to develop the work system within their ministries and build the capacities of its workers to achieve the ministry’s goals and policies. .developmental

Al-Sudani directed, according to the statement, “all ministers to prepare the government program within a maximum period of one week, according to the ministerial curriculum that focuses on issues of unemployment, poverty, services, support for the economy and the fight against corruption, and stressed that the ministers’ evaluation will be based on their efforts and “.performance in combating corruption

While calling for “accelerating the establishment of the unified treasury account to control funds in the state and prevent its leakage and waste, as well as for ministers to review all contracts “.concluded under previous governments, and see their consistency with controls and instructions  link

Is it time to change the exchange rate?

The issue of raising the exchange rate from the previous government in the Iraqi budget, which was officially approved on April 1, 2021, was a big mistake, and it was an open theft from the pockets of citizens, and we were against it.

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For the record, all the blocs voted for the aforementioned budget, except for the state of law and the national approach, and 3 deputies from Al-Fateh, and it was approved by specific blocs and supported it, and in the presence of 273 deputies out of 329.

At that time, for those who remember, we considered it a big mistake. Instead of establishing a fair protection network and supporting the growing poor classes, the government went to raise taxes and the exchange rate as if the dinar depended on it and not its national currency, which logically all countries intended to invest in and prevent its deterioration, as is happening now in all countries despite inflation taking measures multiple to raise its value.

Today we collect the tweets of Prime Minister Muhammad Shia Al-Sudani, who is the closest to the State of Law bloc that did not vote for what you mentioned, and he himself refused to raise the exchange rate.

We recall, even if there were reasons previously, it was abandoned as Iraq’s coffers were filled with money and logically it had to reduce the exchange rate, even if gradually, and then go to the program to delete the three zeros so that the dinar became a respectable and strong currency and an actual strategic and national stockpile that is better than the dollar and gold together.  link

Source: Dinar Recaps

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