Mustafa Al-Karaawi, a member of the Parliamentary Finance Committee, stated today, Tuesday, that the administration of Prime Minister Muhammad Shiaa Al-Sudani has failed miserably to regulate the dollar exchange rate despite previous plans and changes.
In an exclusive interview with Al-Mutala’ Agency, Al-Karaawi confirmed that “previous measures and meetings that took place between the government, the governor of the Central Bank, and the owners of government banks regarding controlling the price of the dollar and not trading it internally were of no benefit,” implying that the government was unable to impose its control over the dollar. The dollar’s steadiness versus the Iraqi dinar.”
He went on to say, “The Prime Minister met yesterday with the concerned authorities, to discuss the non-implementation of reform packages related to the price of the dollar,” and called on “Al-Sudani to take effective solutions like those issued by the Central Bank to control the dollar at border crossings and customs taxes.”
The Finance Committee member stated that “there are American political influences that exert pressure on Iraq to put pressure on it economically, regarding its support for the Palestinian cause and advocacy for the people of Gaza against the Zionist occupation,” stressing that “Iraq seeks to address that issue and put pressure on the US Federal Bank to provide amounts in dollars and at a specific time.”
He went on to state that “Iraq’s position on the Palestinian issue is firm and will not change, and we reject all Zionist crimes committed by the occupation against the Palestinians, and this is an irrevocable decision.”