In pictures, the Central Bank’s confusion paralyzed Al Shorja and his governor in front of Al-Sari’s questioning today

In pictures, the Central Bank’s confusion paralyzed Al Shorja and his governor in front of Al-Sari’s questioning today

01/27/2021 11:36:00

In pictures the Central Banks confusion paralyzed Al Shorja and his governor in front of Al-Saris questioning today(Baghdad: Al Furat News) The Shorja market in the center of the capital, Baghdad, witnessed today, Wednesday, a state of stagnation in its commercial movement due to the continuous repercussions of the increase in the price of the dollar against the Iraqi dinar and the reluctance of citizens to shop.
The policy of the Central Bank of Iraq caused the dollar exchange to rise to large losses among the owners of shops and its reflection on the purchasing power of citizens.
On the 19th of last month, the Central Bank of Iraq announced the raising of the price of selling and buying the dollar, as part of the austerity measures adopted by the government, despite warnings of high prices of foodstuffs and commodities offered in the markets.
The Central Bank decided that the amount of 1450 dinars per dollar would be the price of buying foreign currency from the Ministry of Finance, 1460 dinars per dollar, the price of selling foreign currency to banks, and 1470 dinars per dollar the price of selling foreign currency to the public.
Since the bank’s announcement of raising the dollar, confusion continues on the trade scene and economic movement in the country, and has a negative and direct impact on the citizens ’livelihood, especially with the exploitation of the situation by the weak souls of traders and the greed of prices.
And calls have escalated to dismiss the governor of the Central Bank of Iraq, Refinery Ghalib, due to his lack of “eligibility” in managing the bank and monetary policy.
It is scheduled that the House of Representatives will question the Governor of the Central Bank by the head of the Parliamentary Wisdom Bloc, Faleh Al-Sari, after parliament was not convinced of the first’s answers during its hosting of one of the parliamentary sessions last November.
Al-Sari said to the Euphrates on the 20th of last month, that “the criteria set by the central bank governor set the country with financial crises, and we have objections and criticisms of his choice and performance,” indicating that “the answers of the central bank governor were not feasible with regard to raising the exchange rate.”

alforatnews.com