Al-Puni threatens to amend the Central Bank Law if the government and the bank management insist on raising the dollar exchange rate
Al-Puni threatens to amend the Central Bank Law if the government and the bank management insist on raising the dollar exchange rate
Sunday 7 March 2021 | 10:57 a.m.
Al-Aqabi said in a press statement, “With the rise in crude oil prices and the growth of oil revenues, the Minister of Finance, Ali Abdul Amir Allawi, is still insisting on raising the price of the dollar and restricting Iraqi citizens, especially those with limited income, with completely rejected justifications.”
And he stated, “We have followed with great astonishment the minister’s statements regarding the inability to change the dollar’s exchange rate because it is a reasonable price, and that the decision was taken in consultation with the Central Bank, the International Monetary Fund and the political blocs, and that the markets accepted it and the government will work to compensate the contractors affected by it !!”
He added, “We do not know whether the Minister of Finance lives in Iraq or in another country, and he is not aware of the extent of the damage that the Iraqi citizen suffered as a result of this ill-considered decision that led to an insane increase in the prices of consumer goods – even locally produced – by more than 30%. %, Which added another burden on the shoulders of the Iraqi family, and constituted a great pressure on the living situation of the simple citizen and caused a clear confusion in the market.
He continued, “The Iraqi economy has been mortgaged by the dictates of the International Monetary Fund and the effective response of the political blocs to these dictates represents a dangerous turning point that affects the future of the country and puts its capabilities and wealth in the hands of external decisions that are the last thing the interests of the country and its people think about.”
He stressed that “from here we demand and renew our previous demand to restore the exchange rate of the dollar to what it was previously, and we affirm that the legislative authority is the final word on all issues related to matters of conducting financial matters through legal legislation inside the parliament, and despite the fact that the exchange rate has been raised.” The dollar came by a decision from the central bank and with governmental and external influence, but it is possible to correct the decision by the legislative authority, even if it is necessary to amend the central bank law.
He stressed that “the House of Representatives is required to assume its moral and constitutional responsibility in this direction and work to correct the equation and look at the extent of injustice and damage to the simple citizen, return the price of the dollar to the old price and reject government decisions that did not take into account the damage and injustice to the simple citizen as it dealt with great care with the affected contractors.” From this decision. ”
Al-Oqabi concluded his statement that, “We also reiterate our appeal to the public prosecution to strive to hold government agencies accountable that caused the waste of nearly a trillion dinars of public money during the period that accompanied the decision to change the dollar exchange rate and the major theft and manipulation of the capabilities of the people by the executive authorities and banks. A parasite is accused of being linked to the same political blocs that adopted the decision and supported it.
aynaliraqnews.com
