Parliamentary Finance directed to host Allawi to discuss what was proposed in hosting the Governor of the Central Bank
Parliamentary Finance directed to host Allawi to discuss what was proposed in hosting the Governor of the Central Bank
06/22/2021 16:49:11
The Finance Committee, headed by Haitham Al-Jubouri, the head of the committee, and the presence of its members and a number of members of other parliamentary committees, hosted, on Tuesday, the Governor of the Central Bank, Mustafa Ghaleb Mikhaif, and the Deputy Governor, Ammar Hamad Khalaf.
According to the committee’s statement, {Euphrates News} received a copy of it, that the periodic meeting that took place at the headquarters of the Finance Committee discussed the steps that the Central Bank promised to implement to reduce the repercussions of changing the exchange rate and its implications, and the issue of selling the currency and facing the process of its depletion and ways to preserve and invest it properly.
The Finance Committee discussed the projects, plans and loans that the bank promised to implement after changing the currency exchange rate, stressing “the need to abide by those promises and the speed of their implementation, particularly those that contribute to the employment of unemployed youth and support the housing, industry and agricultural sectors, support the local product and ease restrictions and routine procedures on them.”
The committee also discussed, according to the statement, the issue of electronic linkage between the ministries of commerce and finance, the customs and tax authorities with the Central Bank, as well as the automation of procedures at border crossings, stressing “the need for the government to fulfill its duty towards this as indicated by the Finance Committee and the House of Representatives through the Budget Law for 2021.” “.
The Finance Committee called on the Central Bank to “take the strongest strict measures against banks that violate regulations,” stressing “its support for the bank in this regard, as the current period requires concerted efforts among all authorities.”
The committee was also directed, to host the Minister of Finance, Ali Abdul Amir Allawi, to discuss what was presented in the hosting and to discuss a number of issues that concern the economic reality of the country.
For his part, the governor of the Central Bank provided an explanation of what the bank has taken and the steps it seeks to take to reduce the negative effects of changing the exchange rate, revealing “the launch of an initiative worth 5 trillion in addition to contributing to moving the housing sector to complete the residential complexes that were suspended, as well as the imminent issuance of bonds.” It enables people to invest their money.
alforatnews.com
