Al-Karawi: There is currently no government intention to raise the exchange rate, and he warned of its repercussions on the markets.
Al-Karawi: There is currently no government intention to raise the exchange rate, and he warned of its repercussions on the markets.
6-13-2026
The Information/Baghdad…
Member of the Parliamentary Finance Committee, MP Mudhar al-Karawi, confirmed on Saturday that there is no current government intention to raise the exchange rate in the markets. Al-Karawi told Al-Maalouma that “there is much speculation about government efforts to raise the dollar exchange rate in the coming period in an attempt to reduce the financial gap, especially given the country’s critical financial situation.” He explained that “the past three months have witnessed a significant decline in oil export rates, which has had severe repercussions on the general budget.”
He added that “to this moment, no official discussion has taken place regarding the possibility of raising the dollar exchange rate to reduce the financial gap,” noting that “any decision in this direction will have direct repercussions on the markets in terms of price increases, and the poor and those with limited incomes will be the most affected.”
Al-Karawi indicated that “there is no current direction in this regard,” stressing that “there are other alternatives to boost treasury revenues, foremost among them activating non-oil revenues and combating corruption, which is a crucial factor in reducing the waste of enormous sums of money within state institutions.”
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