Al-Kalabi: Collecting signatures for an emergency session in the presence of Al-Kazemi, Allawi, and the Governor of the Central Bank
Al-Kalabi: Collecting signatures for an emergency session in the presence of Al-Kazemi, Allawi, and the Governor of the Central Bank
12/20/2020 15:35:06
(Baghdad: Al Furat News) Member of Parliament Yusef Al-Kalabi announced today, Sunday, that the signatures of an emergency session will be collected in the presence of Prime Minister Mustafa Al-Kazemi, Minister of Finance Ali Allawi and Central Bank Governor Mustafa Ghaleb.
In a statement, Al-Furat News received a copy of it, Al-Kalabi stated that “the signatures of MPs are being collected for an emergency session on 12/23 in the presence of Prime Minister Mustafa Al-Kazemi, Minister of Finance Ali Allawi and Governor of the Central Bank, Mustafa Ghaleb,
to discuss:
1- The reasons for the decline in the exchange rate and the classification of banks The fiscal policy followed
2- The World Bank’s agreement with the financial and central government, conditions and obligations
3- Reasons for the low application of the government curriculum
The Central Bank of Iraq had raised the exchange rate of the dollar against the Iraqi dinar to 1470 dinars for the public and 1460 dinars for the banks participating in the currency auction.
The decision caused concern and fear among Iraqis, especially employees, of high prices, and had already negatively affected the movement of commercial centers and important markets such as Shorja and Jameela Alwa in Baghdad.
Central Bank Governor Mustafa Ghaleb said that the bank “will double the sale of dollars to exchange companies,” indicating that “the abundance of dollars will make it stable in the market.”
He pointed out that “the Ministry of Finance formally requested an increase in the exchange rate of 1450 dinars to one dollar, and we asked for his presence to explain the reasons for raising the value of the dollar,” stressing that “the Iraqi reserve is still in good standing.”
alforatnews.com
