Iraq Economic News and Points to Ponder Thursday Afternoon 4-18-24
Tlm724 Administrator Bondlady’s Corner
Parliamentary Finance Calls For “Confining The Dinar In The Hands Of The State”
Politics Parliamentary Finance Iraqi dinar 2024-04-17 05:36 Shafaq News/ The Parliamentary Finance Committee pointed out, on Wednesday, the problem of the lack of cash “Iraqi dinar,” calling for “confining the dinar to the state.”
Committee member Hussein Moanis told Shafaq News Agency,
“The House of Representatives voted on the tripartite budget law and required the government to send the schedules for approval,” indicating that
“the delay in sending the schedules to Parliament did not affect the operational budget.” He pointed out that "there is no specific date for approving the budget schedules in the Council of Ministers and sending them to the House of Representatives," indicating "a real problem with the lack of cash (the Iraqi dinar)."
He pointed out that "the Parliamentary Finance Committee is working to develop specific methods to process and provide cash and confine it to the state through
adopting the electronic card,
strengthening the work of banks, and
presenting documents to achieve cash abundance in the market." Mu'nis concluded by saying,
"There is no trust between the banking system and the citizen, and the lack of trust has caused the cash currency (the Iraqi dinar) to be stored in the homes of citizens, which has caused it to be lost and not naturally available in the market."
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