Parliamentary Finance Committee: Central Bank Governor failed to control the currency market
Parliamentary Finance Committee: Central Bank Governor failed to control the currency market
11-6-2025
Information/Baghdad…
On Thursday, Finance Committee member Nazem Al-Shibli asserted that the performance of the Central Bank Governor raises many questions, indicating that he has failed to manage the country’s financial policy, which has allowed hard currency smuggling mafias to operate freely.
Al-Shibli told Al-Maalomah News Agency that “the current fiscal policy has not achieved the required stability, but rather has contributed to deepening the economic crisis that Iraq is suffering from.”
He added that “the lack of strict oversight of the Iraqi financial file has opened the door for currency smuggling mafias abroad, which has negatively affected the local market and the value of the dinar.”
He explained that “the continuation of this situation threatens the country’s economic security and exacerbates the suffering of citizens, necessitating urgent and decisive measures to stop the drain on foreign currency reserves and stabilize the markets.”
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