AFTER HOSTING THE GOVERNOR. PARLIAMENTARY FINANCE: WE LOOK FORWARD TO RAISING THE VALUE OF THE DINAR
Baghdad/Iraq Observer
The parliamentary finance committee on Thursday expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.
A statement said that “the Finance Committee met under the chairmanship of Atwan Al-Atwani and in the presence of its members with the Governor of the Central Bank Ali Al-Alaq, to discuss monetary policy and the banking system in the country and ways to increase the value of the Iraqi dinar.”
At the beginning of the hosting, which was held at the headquarters of the committee, the chairman of the committee stressed “the importance of following up the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee expressed “its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.”
For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing to “the development of basic rules in order to monitor the process of remittances and analyze monetary operations, praising “the role played by the Finance Committee in following up the financial and economic movement of the country.”
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank Law.
