Parliamentary Finance: Parliament cannot force the Central Bank to change the price of the dollar
Parliamentary Finance: Parliament cannot force the Central Bank to change the price of the dollar
20/12/2020 10:58
[Baghdad-Where]
The Parliamentary Finance Committee confirmed, on Sunday, the inability of the House of Representatives to force the Central Bank to change the decision to exchange foreign currency against the Iraqi dinar.
“The Central Bank is independent of its policy and is responsible for monetary policy in Iraq, while the Ministry of Finance is responsible for the country’s financial policy,” said Majida Al-Tamimi, a member of the committee.
She added that “when the central bank determines or changes the exchange rate, parliament cannot amend the price,” stressing that “the recent decision to change and determine the foreign currency exchange rate against the Iraqi dinar is in the hands of the bank governor.”
Al-Tamimi pointed out, “The House of Representatives cannot force the Central Bank to change its decision on currency exchange according to the law.”
alliraqnews.com
