Parliamentary Finance describes the Central Bank’s measures as “timid”: It must open new outlets to sell “travelers’ dollars”

On Tuesday, the Parliamentary Finance Committee called the Central Bank of Iraq’s response to the dollar problem “timid.”

“The Central Bank has taken many measures, especially in the recent period,” committee member Faisal Al-Naeli told Shafaq News Agency, “but we believe that these measures are shy and need to be activated, applied, and opening new outlets to sell the dollar to travelers and merchants.”

“The Parliamentary Finance Committee is closely following the issue of the rise in the dollar exchange rate in the parallel market,” he explained, “and there is a tendency among committee members to host the Governor of the Central Bank and the general managers of the bank to find out the reasons for the decline in the value of the Iraqi dinar and the continuous rise in the dollar exchange rate.”

The dollar’s exchange rate versus the dinar has risen significantly in recent days, reaching 160 thousand dinars for every 100 dollars.