Parliamentary direction to raise the price of the dinar and maintain the stability of inflation
Baghdad / Omar Abdel Latif – The parliamentary finance committee, in the current legislative term, is moving to develop mechanisms to change the country’s fiscal and monetary policies, in coordination with the Central Bank of Iraq, and this To raise the exchange rate of the dinar and maintain the stability of inflation.
“The committee will go through the current legislative term to change the fiscal and monetary policy in the country in general,” said committee member Abdulhadi al-Saadawi, in a statement “Al-Sabah”, adding that it was “in the process of meeting with central bank officials to discuss this change during the next phase.”
“The committee is keen to legislate the financial management law as it gives a complete roadmap to the country’s fiscal policy in terms of money management and cash in the UAE,” he said, adding that “the change will be made by raising the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in The country “.
“The Committee is determined to make these changes during the next phase and not to follow the inappropriate traditional methods,” al-Saadawi said.