MP: We will submit a request to the Speaker of Parliament to discuss the rise in the dollar exchange rate.
MP: We will submit a request to the Speaker of Parliament to discuss the rise in the dollar exchange rate.
2026-11-12
Shafaq News – Baghdad
On Thursday, MP Miqdad al-Khafaji, from the parliamentary rights bloc, revealed his intention to submit a request to the Speaker of Parliament to discuss the rising exchange rate of the dollar in the market and the rising prices of food items.
Al-Khafaji explained to Shafaq News Agency that the government did not fulfill its promises regarding changing the price of the dollar against the Iraqi dinar, indicating that “when the government changed the exchange rate, it said that it would strike at currency speculators and control the parallel market and make it close to the official price.”
Al-Khafaji pointed out that “the dollar exchange rate in the market has reached the threshold of 1700 dinars,” asking, “Where is the government in terms of its measures to control the market? Enough lying to the citizens.”
The Iraqi Cabinet had decided 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.
shafaq.com
