Parliamentary finance squanders the validity of international tutelage over the Central Bank
Parliamentary finance squanders the validity of international tutelage over the Central Bank
1-10-2023
Information/Baghdad..
Jamal Cougar, a member of the Parliamentary Finance Committee, confirmed, on Tuesday, that there is no guardianship of the World Bank over the Central Bank of Iraq because of the deal of the century and corruption.
Cougar said in an interview seen by “the information”, that “there is no talk of trusteeship of the World Bank over the Central Bank of Iraq because of the deal of the century and corruption and the like, because Iraq is the only country that linked its currency to the US Federal Bank according to two issues. The first is that the dollar is considered the only major foreign currency that It is dealt with, whether it is buying or selling, and the second point is that Iraq’s money goes to the Development Fund for Iraq, which contains oil revenues.
Cougar added, “The United States will not be satisfied that another fund or another bank comes and places its hand on the Central Bank because it is the only beneficiary, just as the United States needs liquidity and has a very large debt crisis inside America and needs, free of charge, the Iraqi money that it has, which it does not release directly.” “.
Political analyst Hazem Al-Bawi saw in a previous statement to Al-Maalouma that there is an urgent need for the responsible authorities to reveal to the people the truth about the American measures that were behind the high exchange rate of the dollar in the local markets.
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