"THE GOI TALKS TO PARLIAMENT ABOUT THE MONETARY REFORM" BY FRANK26, 30 JULY

 KTFA

FRANK26:"THE GOI TALKS TO PARLIAMENT ABOUT THE MONETARY REFORM".......F26

Parliamentary Committee to Nina: These are our observations on the Central Bank’s measures to confront the rise in the dollar exchange rate

7/29/2024

The Parliamentary Committee on Economy, Industry and Trade disclosed a number of observations related to the Central Bank's measures to confront the rise in the dollar exchange rate against the dinar.

Member of the committee, MP Osama Al-Badri, stated that "there are different observations and points of view regarding the current measures of the Central Bank of Iraq in light of the lack of control over the rise in the exchange rate of the currency."

He explained that "the instability of the exchange rate has caused the emergence of the parallel market and increased the economic burden on citizens in light of the rise in prices due to the fluctuation of the exchange rate, and this requires the Central Bank's management to take effective measures to limit the impact of the parallel market."

He added that "the Central Bank needs to adopt more decisive policies and coordinate with government agencies to achieve tangible economic stability," calling on the Central Bank to take serious steps to reduce the gap between the official exchange rate of 1320 dinars per dollar, and the parallel market and ensure price stability. 

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