Study the high exchange rate of the dollar against the dinar

House of Representatives hosts  CBI governor – Study the high exchange rate of the dollar against the  dinar

House of Representatives decided to host the Iraqi  Central Bank Governor Sinan Shabibi in a special session to discuss the high exchange rate of the  dollar against the dinar.
has received the Speaker of Parliament Osama  Najafi in his official yesterday, Shabibi, and reviewed with him the economic  situation and the reality of the work of the Central Bank.
said Najafi  During the meeting, «should be a central bank independent and responsible  according to the provisions of Article (103) of paragraph (2) of the  Constitution, as well as Article 2/2 of the  Law on Central Bank of Iraq 56 of 2004, which states that:« In order to  achieve goals of the Iraqi Central Bank and the completion of his duties, the  Central Bank of Iraq independent and responsible as provided for by this  law.
Except as otherwise set to this law, will not receive the CBI instructions from any entity or person or institution, including government  institutions.
And we will respect the independence of the Central Bank of  Iraq can not be anyone of influence and improper for any member of the  decision-making body in the Central Bank of Iraq during the performance of his  duties in the bank, or to interfere in the activities of the Central Bank of  Iraq ».
He said Najafi, according to a statement issued by his office received the «morning» copy of it yesterday, to «support the House of Representatives  absolute work of the central bank according to the Constitution and the law,  stressing the need to continue to the Central Bank with the parliamentary  committees relevant to discuss and clarify the problems that plagued Iraq in the areas of monetary policy  and banking».
For his part, attributed Shabibi reasons for the high  exchange rate of the dollar against Iraqi dinar to the weakness of domestic  production and the lack of Iraq’s exports (excluding oil), and the weakness of  the government’s measures to attract capital to Iraq, as well as the political  situation tense internally and regionally, and the economic blockade experienced  by some neighboring countries.
either Nujaifi stressed the «should not be  dependent central bank to the government so as to prevent the seizure of Iraq’s money or the implementation of  international rules issued against Iraq by the creditor».
He explained  that «the House of Representatives will host the central bank governor at a  hearing to explain the reality of the Bank’s work and illustrate the issue of  the exchange rate of the dollar against the Iraqi dinar and the economic  conditions and monetary policy in place».
It is said that the past few  days have seen a rise of the exchange rate of the dollar against the Iraqi  dinar.
On the other hand, met with Speaker of Parliament Ambassador  Hassan Hani labile al-Janabi, the representative of Iraq in the organization  FAO.
During the meeting, they discussed the possibility of international  organizations in Rome to provide technical assistance to evaluate the groundwater resources in Western  Sahara and its investment in the  agricultural field.
For his part, said al-Janabi, his organization’s  readiness to provide the necessary expertise to hold a seminar in this regard,  in cooperation with the Ministry of Agriculture and Water Resources and the  Ministry of Education Higher parliamentary commissions and the Investment  Authority in Iraq.
also discussed the possibility of establishing a  higher council for water from the drain, to care  for water resources utilization and the organization with the  best.