Parliamentary Finance Committee denies any intention to raise the exchange rate
Parliamentary Finance Committee denies any intention to raise the exchange rate
6-24-2026
Information/Baghdad…
Member of the Parliamentary Finance Committee, MP Mudhar al-Karawi, confirmed on Wednesday that there is no current intention to raise the dollar exchange rate.
Al-Karawi told Al-Maalouma, “Until this moment, there are no confirmed indications from the government to proceed with raising the dollar exchange rate.” He pointed out that “the government and its financial arms are committed to stabilizing the exchange rate in institutions to maintain the stability of the financial situation and prevent any price increases that would affect the markets.”
He added that “any increase in the exchange rate will be directly reflected in prices, especially food items, which would place an additional burden on the poor and the less fortunate.” He explained that “any potential increase in the dollar exchange rate would have clear economic repercussions.”
Al-Karawi clarified that “although there are no current indications in this direction, this option may be considered at some point.” He stressed “the necessity of providing mechanisms and guarantees to protect the situation of the poor and the less fortunate and prevent price increases for basic commodities in the event of any future decision.”
