Al-Alaq briefs the Iraqi parliament on a “financial plan” to control the exchange rate and prevent speculation
Al-Alaq briefs the Iraqi parliament on a “financial plan” to control the exchange rate and prevent speculation
2023-01-30 01:12
Shafaq News/ On Monday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, briefed the Deputy Speaker of Parliament on a “financial plan” that he said he would work on to control the exchange rates of the dollar and prevent financial speculation.
A statement by the media office of the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, received by Shafaq News agency, stated that the latter “stressed, during his meeting with the Governor of the Central Bank of Iraq, Ali Al-Alaq, that financial stability – especially the dollar exchange rate – must return to the Iraqi markets soon.”
Al-Mandalawi stressed the necessity of “compliance with the legal procedures for financial transfers, and protecting the Iraqi economy from previous violations,” stressing “the need to implement global procedures, follow up on transfers and the work of private banks and exchange companies, and pursue all abuses according to the Iraqi laws in force in implementation of the obligations of the Central Bank of Iraq.”
The First Deputy listened to an extensive explanation from Al-Alaq on “the financial and control plan that the Central Bank of Iraq will work on, to control dollar exchange rates, prevent financial speculation, and follow up on suspicious purchases of hard currency that are intended to harm the national economy.”
shafaq.com
