A deputy gives the central bank a week to address the high exchange rate and threatens to dismiss the governor
A deputy gives the central bank a week to address the high exchange rate and threatens to dismiss the governor
12-13-2022
Information / Baghdad..
On Tuesday, the representative of the National Bond Bloc, Aziz Sharif Al-Mayahi, called on the Central Bank to state its measures to reduce cases of corruption in the file of selling remittances to private banks, and the subsequent clear rise in the prices of food commodities and medicines in the local market.
Al-Mayahi said in a statement received by Al-Maloma, that “the central bank’s selling price for transfers to banks is 1460, but those banks sell those transfers at 1533 dinars, with a profit margin of up to 73 points per transfer, meaning a profit of 70 million Iraqi dinars for every million dollars,” indicating “This outrageous profit and obvious corruption was the victim of the simple citizen through the high prices of food commodities, medicine and the rest of the basic life necessities, and it does not go to the state treasury, but to the pockets of the influential.”
Al-Mayahi added, “The central bank’s continued observance and silence of this corruption and waste of public money, although it is an important part of their duties, puts them in a position of responsibility before the legislative authority oversight, and makes us obligated to give the central bank and its management a week to address this confusion before going to other options within the dome of parliament to defend.” about the money of the Iraqi people and the wealth of the country,” calling at the same time the Integrity Commission and the oversight committees to “take urgent and immediate action to stop what is happening in the currency auction in terms of chaos paid for by the poor classes of citizens and take the harshest measures against price manipulators.”
The Prime Minister called for “opening the file of the currency auction, the exchange rate and the state of chaos in the markets within the agenda of the next cabinet session and taking immediate and urgent measures to address this file, which has become an unacceptable door to corruption and waste of public money.”
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