Parliament to review dollar rate increase
The article discusses the Iraqi House of Representatives' move to review the decision to increase the dollar exchange rate to 1,500 dinars, which was recently announced and suddenly implemented. A deputy from the "Soyana" parliamentary bloc revealed that signatures are being collected among parliament members to reconsider the decision, and that the Parliament is preparing to host the Minister of Finance and the Central Bank governor to discuss the reasons behind the decision and its economic and social impacts on citizens and government employees. Reports indicate that the exchange rate hike was part of the draft general budget, which has not yet been discussed or approved, with expectations that the decision could lead to higher prices for goods and services and diminish the real value of salaries, despite the government's claim that the aim of this adjustment is to safeguard financial and monetary stability. Parliament members have expressed concerns about the repercussions of the decision and emphasized the importance of debating it to ensure the protection of citizens' purchasing power and to prevent negative effects on their living conditions.
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