Reducing imports and increasing local industry… new measures to stabilize the price of the dollar

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Reducing imports and increasing local industry… new measures to stabilize the price of the dollar
Reducing imports and increasing local industry… new measures to stabilize the price of the dollar

On Thursday, a parliamentary source revealed decisions from the Parliamentary Finance Committee meeting on studying the report of its subcommittee regarding the dollar exchange rate problem.

According to a source, the Finance Committee has decided to invite relevant authorities from government banks and the Ministry of Industry to discuss reducing imports and supporting national industry. The goal is to preserve the value of the dollar and prevent currency loss by reducing the disparity in exchange rates.

“The measure to reduce imports and support the industry will limit the country’s loss of hard currency and its retention at home, thus reducing the need for dollars and resorting to the black market,” he said.

A member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, recently confirmed in a statement to Al-Mutala’ Agency that well-studied steps are being taken to reduce the discrepancy in the dollar exchange rate. It’s worth noting that these measures are ongoing.

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