The Iraqi Ministry of Finance began preparing the financial budget law for the year 2023, in the absence of any intention to change the exchange rate of the Iraqi dinar against the dollar at the present time. After a lengthy meeting held by the new Prime Minister, Muhammad Shiaa Al-Sudani, with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikheif.
The financial budget for the new year will exceed the $100 billion threshold for the first time in years, due to the large financial returns available to Iraq, and to try to compensate for the suspension of many development and investment projects that were affected by the failure to approve the 2022 budget.
The financial advisor at the Ministry of Finance, Abdel Hassan Jamal, pointed out that the ministry has already started preparing the 2023 budget and will present it soon to the Council of Ministers. Noting that there is no time limit for sending the budget law to the House of Representatives, "but we are working to send it as soon as possible."
He explained, "The adjustment of the dollar exchange rate is within the government's policies," stressing that "the Council of Ministers takes the decision, but it has not been presented in the budget so far." He pointed out, "There is no intention to modify the Iraqi dinar exchange rate, as it will remain at the threshold of 1460 Iraqi dinars against the dollar."
Source (Al-Araby Al-Jadeed Newspaper, Edited)
