“Parliamentary Finance” warns of a “dangerous project” between the Iraqi Central Bank and the US Federal Reserve
“Parliamentary Finance” warns of a “dangerous project” between the Iraqi Central Bank and the US Federal Reserve
2023-10-05 04:58
Shafaq News/ On Thursday, a member of the Parliamentary Finance Committee criticized the policy of the Central Bank of Iraq, while pointing out that the Central Bank had lost control of the parallel market. He referred to a project for the Central Bank with the Federal Reserve, which he described as “dangerous.”
Committee member Thamer Dhiban told Shafaq News Agency: “There is no clear economic vision and policy for the central bank through which it can control the parallel market,” pointing out that “the parallel market is unofficial and illegal, and this causes obstacles and a lack of facilities by the central bank for some merchants, contractors, merchants, and investors, which prompted them to go.” To the parallel market and buy the dollar.”
He added, “Despite the measures taken by the government and security services and the pursuit of currency disputers and dollar monopolists, they were of no use in controlling the market. There is also a great demand for the dollar, and this demand contributes to the rise in the exchange rate.”
He pointed out that “there is a project at the Central Bank with the US Federal Bank, and this project is very dangerous. If the Central Bank proceeds with it at the beginning of next year, it will be dangerous, and there must be real financial and economic calculations, with what the bank’s management is doing to prevent market instability and will cause the dollar to rise.” And an economic crisis in the dollar.”
He stated that the nature of the project between the Central Bank and the US Federal Bank is not to deal in dollars during the year 2024, and dealing in dollars will be limited to official transactions with some banks determined by the Central Bank.
shafaq.com
