Al-Kalabi: The Central Bank is going through its worst conditions, and the governor has proposed an illogical idea regarding exchange offices.
Al-Kalabi: The Central Bank is going through its worst conditions, and the governor has proposed an illogical idea regarding exchange offices.
2025/09/15
The head of the Parliamentary Finance Committee, Youssef Al Kalabi, confirmed that the Central Bank is experiencing “its worst administrative circumstances,” warning of the dangers of the financial policies pursued over the past three years.
During his appearance on the Al-Noqta program on Al-Furat satellite channel, Al-Kalabi said, “The current financial indicators are extremely poor, and the financial management over the past three years has committed disastrous errors that have had a negative impact on the national economy.” He pointed out that “the Central Bank has failed to control the gap between the official and parallel rates, despite salaries being fully secured, and this has led to punitive measures affecting 28 local banks.”
He added that “the committee is hosting the head of the National Retirement Authority, the head of the Poverty Fund, general managers, and bank directors to prepare a current and future reform vision,” noting that “the governor of the Central Bank proposed an illogical and strange idea to transform three exchange offices into a bank. This proposal contradicts the nature of the financial institution’s work, which is linked to foreign relations and subject to international obligations related to combating money laundering.”
Elsewhere, Al-Kalabi addressed the Popular Mobilization Forces (PMF), emphasizing that “the organization is going through difficult circumstances amid internal and external pressures.” He explained that “the US administration has directly intervened in the PMF’s structure and threatened to impose economic sanctions on Iraq if the amendments are approved. The reason is that there are lobbies in Washington working against the Shiites and the PMF.”
He continued, “The battle against Shiites began in 2019. The October protests are real, and their supporters are good and honorable. Martyr Abu Mahdi al-Muhandis categorically rejected the involvement of the Popular Mobilization Forces in the October protests, and the third party that killed protesters was from within the state.”
Al-Kalabi pointed out that “the danger awaiting Iraq lies in internal change through constitutional means, according to information and what is currently being cooked up in political kitchens. The situation in the region has changed, and there is a possibility of a repetition of the Syrian scenario in Iraq, with part of the country being separated.” He emphasized that “the upcoming elections are a constitutional necessity, and postponing them will lead the country into deadly chaos.”
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