A deputy reveals the main points of the emergency session regarding raising the dollar exchange rate.
A deputy reveals the main points of the emergency session regarding raising the dollar exchange rate.
10-8-2026
The Information Agency / Baghdad –
Member of Parliament, Ahmed al-Shammari, revealed on Thursday the most prominent issues and pressing questions that members of parliament will raise during the anticipated questioning of the Minister of Finance and the Governor of the Central Bank of Iraq in the emergency session scheduled for this afternoon.
Al-Shammari told the Information Agency that “parliamentary discussions will focus primarily on the sudden and unexpected decision to raise the exchange rate of the US dollar against the Iraqi dinar, and on identifying the true entity behind this proposal, whether it originated from the Ministry of Finance or the Central Bank, or whether there are external dictates and parties behind this decision.”
He added that “the majority of members of parliament intend to pressure the government to immediately reverse this decision and return to the previous exchange rate,” explaining that “the decision has caused a severe shock to citizens, merchants, and all segments of Iraqi society.”
The MP warned of “extremely serious economic and social repercussions if the government insists on maintaining the new rate, given its direct impact on citizens’ daily sustenance and the overall stability of the country.”
It is worth noting that the Cabinet, in its regular session held last Tuesday, decided to amend the exchange rate of the US dollar against the dinar, based on an emergency recommendation submitted by the Minister of Finance and the Governor of the Central Bank. According to the new instructions, the rate was set at 1500 dinars per dollar for purchases from the Ministry of Finance and 1510 dinars per dollar for sales to banks.
almaalomah.me
