Parliament Finance indicates the reason for the decline in the exchange rate and talks about "a crackdown on smugglers" , 16 NOV

  Parliament Finance indicates the reason for the decline in the exchange rate and talks about "a crackdown on smugglers" - urgent

Baghdad Today - Baghdad 

In recent days, local markets have witnessed a decline in the exchange rate of the dollar against the Iraqi dinar, reaching 158 thousand for every 100 dollars. The Finance Committee in the House of Representatives indicated the reasons for the decline, while revealing "control over smugglers."

Committee member Moin Al-Kazemi said today, Thursday (November 16, 2023), that "there is security and intelligence progress in the file of identifying dollar smugglers, and during the past days a number of them have been overthrown."

Al-Kadhimi indicated in an interview with "Baghdad Today" that "this greatly affected the decline in the dollar exchange rate in the parallel market."

The member of the parliamentary finance committee, that "there is great economic importance to thwart the smuggling of foreign currency," pointing out that "there is government interest in this file and the security and intelligence services have information about those parties and personalities and work is continuing to pursue them and overthrow them."

Yesterday, Wednesday (November 15, 2023), the National Security Agency announced the arrest of the most dangerous person involved in the currency smuggling file through its management of more than one bank and financial institution.

The agency said in a statement received by "Baghdad Today", that "in implementation of the directives of the Prime Minister to follow up the file of currency smuggling strike and speculation and to complete the series of qualitative operations and painfuls carried out by the National Security Service against organized crime gangs that seek to sabotage the national economy, and direct damage to the lives and security of citizens, and after an intelligence and field effort, we announce the arrest of one of the most dangerous involved in the file of currency smuggling Through his management of more than one bank and financial institution."

He added, "The operation took place according to due process after the defendant tried to escape outside the country," noting that "the defendant, through owning several banks that have dealings with many exchange companies, was controlling the circulation of tens of millions of dollars daily outside the legal context."