A formal parliamentary appeal has been filed with the Federal Court against the decision to change the exchange rate.
A formal parliamentary appeal has been filed with the Federal Court against the decision to change the exchange rate.
2026-10-11
Shafaq News – Baghdad
The head of the parliamentary rights bloc, Saud Al-Saadi, revealed on Sunday that he had filed an official appeal with the Federal Supreme Court (the highest judicial authority in Iraq) against the government’s decision to change the exchange rate of the US dollar.
Al-Saadi told Shafaq News Agency that he officially filed an appeal today with the Federal Court against Decision No. (544) issued by the Iraqi Council of Ministers, which raised the exchange rate of the US dollar against the Iraqi dinar.
He added that the Federal Court had received the appeal and informed him that it would set an official date for the hearing in the coming days.
This comes after the Iraqi Cabinet decided last Tuesday to amend the exchange rate of the dollar based on an emergency recommendation submitted by the Minister of Finance and the Governor of the Central Bank, so that the purchase price from the Ministry of Finance would be (1500) dinars, the selling price to banks would be (1510) dinars, and the selling price to the end beneficiary would be (1520) dinars per dollar.
Under the new amendment, the Central Bank raised the exchange rate for the public by 20,000 dinars per 100 dollars, compared to the previous rate of 1,320 dinars per dollar (132,000 dinars per 100 dollars), at a time when the parallel market witnessed jumps prior to the decision to reach about 165,000 dinars per 100 dollars, influenced by leaks and expectations.
Thursday, the Iraqi Parliament hosted Prime Minister Ali al-Zubaidi regarding the decision to amend the exchange rate. He explained that “the government had three options: the first was to resort to mandatory savings and leave the employee to live on promises, the second was to distribute salaries every 45 days, and the third was to resort to borrowing and drown the country in debt, which it is already burdened with.”
He added that he took over the “mission while our economy was besieged due to the interruption of oil exports and the closure of the Strait of Hormuz. The size of the public debt was more than 208 trillion dinars, and the government was required to provide 10 trillion dinars monthly. Despite the crisis, we provided the salaries,” indicating that “the difference in the dollar exchange rate previously was taken over by speculators.”
For his part, Speaker of Parliament Hebat al-Halbousi affirmed that “the decision to change the exchange rate is irreversible, and the heads of the political blocs support the decision,” amid popular anger and protest from Iraqis against the decision.
shafaq.com
