Parliamentary Finance: Al-Kazemi has the powers to cancel the currency auction

Parliamentary Finance: Al-Kazemi has the powers to cancel the currency auction

05/30/2020 15:18

Parliamentary Finance - Al-Kazemi has the powers to cancel the currency auctionBaghdad today – Baghdad

Member of Parliamentary Finance Committee, Hanin Qaddou, confirmed on Saturday (30 May 2020) that Prime Minister Mustafa Al-Kazemi owns the powers to cancel the foreign currency auction in the Central Bank .

Qaddo said in an interview with (Baghdad Today), that “the Prime Minister, has the powers to cancel or stop the auction of foreign currencies in the central bank.”

He added, “This matter provided that it is attached to a study or documents proving the existence of money laundering operations, or corruption operations occurring during the sale operations,” stressing “the need for the government and the central bank to control the exchange rate of the dollar against the Iraqi dinar in Iraqi markets.”

Often, deputies from different blocs and components talk about the existence of major corruption operations that take place at the auction of currency sales by banks and personalities accused of money laundering operations .

A member of the mini-parliamentary committee concerned with following up the implementation of the budget, Abdul Hadi Al-Saadawi, spoke Monday (July 08, 2019) about the exit of the currency auction from the control of the central bank, while the latter sold $ 150-200 million on a daily basis .

Al-Saadawi said in a press statement that “there are problems and violations recorded on the sale of the currency by the central bank, as well as the currency exchange rate, which is often mobile and unstable in most cases,” noting that “any candidate for the position of the governor has to sit with the parliamentary finance to discuss These two things . ”