MOP: Recommendations will be submitted to the Council of Ministers regarding changing the rate of currency for projects

Baghdad - INA

The Ministry of Planning confirmed today, Thursday that it will submit recommendations to the Council of Ministers regarding changing the currency rate on projects.
The Ministry of Planning’s media said in a statement received by the Iraqi News Agency (INA) that "the committee formed according to Cabinet Resolution No. 63 of 2021, which will study the consequences of changing the currency exchange rate, held its first meeting at the Ministry of Planning." The meeting was chaired by the Technical Undersecretary of the Ministry of Planning, Maher Hammad, and was attended by the Administrative Agent Azhar Hussein Saleh, the President of the Iraqi Contractors Union, Ali Al-Sanafi, and representatives of the Ministries of Electricity, Finance, Housing, Construction, Municipalities, the Central Bank of Iraq and the National Investment Commission.
The Undersecretary of the Ministry of Planning confirmed that "this committee was formed to study the effects of changing the exchange rate of the dollar against the dinar, and to propose the required solutions, as far as the matter is related to investment projects, indicating that the committee’s work period will be one month, and after that it submits its recommendations to the Council of Ministers for decision."