MOF compensates those affected by the change in the exchange rate

  • 19-03-2021, 16:04
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    Baghdad -INA

    The Parliamentary Finance Committee commented, today, Friday, on compensation for those affected by the change in the exchange rate.
    Committee rapporteur, Ahmad al-Saffar, told the Iraqi News Agency (INA) that "all Iraqis are affected by the change of the exchange rate and it is not permissible to compensate one group and leave another category," pointing out that "the change in the exchange rate has led to inflation in the market and a reduction in the purchasing power of the Iraqi dinar, and everyone." It is affected because prices have risen and real income has decreased, which is no longer able to bring in the same previous consumer basket. "
    Al-Saffar added that "the compensation process is the prerogative of the government and not the parliament. 
    Therefore, the House of Representatives cannot distinguish between one category and the other for compensation," noting that "Parliament has left this task to the government because it is responsible for dealing with the effects of changing the exchange rate."