The Federal Supreme Court rejects a case against raising the exchange rate
The Federal Supreme Court rejects a case against raising the exchange rate
2022-04-04 08:08
Today, Monday, the Federal Supreme Court rejected the lawsuit against raising the exchange rate, according to what a judicial source told Shafak News Agency.
The decision of the Federal Supreme Court comes after a previous decision to postpone the 32 federal lawsuit regarding raising the dollar exchange rate, to the fourth of next April.
The Federal Court had decided to summon the Minister of Finance and the Governor of the Central Bank, to appear before him in a special session regarding the exchange rate of the dollar against the Iraqi dinar, and to seek the assistance of economic experts, Bassem Jamil and Abdul Rahman Najm.
It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.
As a result, according to specialists, the annual inflation in Iraq has risen significantly, so that the prices of all materials and commodities in the Iraqi market have risen significantly, which has sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.
shafaq.com
