Parliamentary Finance Committee reveals a legal violation concerning the Central Bank Governor.. What about the dollar?

The Parliamentary Finance Committee confirmed, today, Thursday, July 25, 2024, that the procedures of the Central Bank of Iraq to change the exchange rate of the dollar in the local Iraqi markets did not reap any effect and did not achieve any real actual result, revealing a legal violation concerning the Governor of the Central Bank of Iraq, Ali Al-Alaq.
The member of the Finance Committee says Mohammed Nouri In an interview with Sumaria News, he said, Central Bank of Iraq He is still continuing his wrong measures that have not reaped any effect and have not achieved any real actual result in changing the dollar exchange rate in the local Iraqi markets, which has negatively affected the Iraqi reality and inflation rates have risen significantly in the past few days.

“There is work on this issue by the Parliamentary Finance Committee, whether it is interrogations or changing the governor of the Central Bank due to the legal age, as he has exceeded the legal age, and this is a violation of the Civil Service Law,” he added, noting that “many topics will be addressed by the Council in the coming days, especially the dollar file due to the major delays, in addition to the control of foreign banks owned by owners of foreign capital, and this causes a disruption to national security and Iraqi economic security.”

For some time, the price of the dollar has decreased in the parallel market, as it has stabilized at 145 thousand dinars for every 100 dollars throughout the past period, but it has risen again to exceed 150 thousand dinars a few days ago.

Since the beginning of last year, Washington has intervened to limit the smuggling of dollars from Iraq, which led to the dollar price rising in the local market to a record level of 170,000 dinars per 100 dollars, due to the decline in the Central Bank’s sales of dollars, due to its being subject to the international financial system “SWIFT”.

It is noteworthy that the Central Bank decided to finance trade in the euro, the Chinese yuan, the Emirati dirham and the Indian rupee, in steps to reduce the demand for the dollar.

Alsumaria.tv