The Parliamentary Finance Committee said on Monday that it will welcome the governor of the Central Bank of Iraq and its general directors in the coming days to discuss the lack of control over the US dollar’s exchange rate against the dinar.
Mustafa Al-Karaawi, one of the “The committee will host this week the Governor of the Central Bank, Ali Al-Alaq, and the general directors of the bank to find out the reasons for the rise and fall in the dollar exchange rate in the parallel market and who is the party concerned with implementing the reform packages launched by the Central Bank.” .
He stated that “the instability of the dollar exchange rate has caused an economic problem, and there is no clear policy for the central bank,” emphasizing that “the government must implement what the bank wants through the reform packages it has launched, and therefore controlling the exchange rate is a shared responsibility.” between the Central Bank and government agencies, particularly those concerned with import and customs ports.”
According to Al-Karawi, “hosting the bank’s governor will address the economic crisis, the rise and fall of the dollar, and the agreements the bank signed with the US Federal Reserve and the World Bank.”
For several months, the US dollar’s exchange rate against the Iraqi dinar has risen, reaching a high of 1,655 dinars to one dollar this month, despite the government and Central Bank setting an official exchange rate of 1,320 dinars to one dollar.