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First Deputy Chairman of the parliament, Qusay al-Suhail demanded the Central Bank of Iraq to address fluctuating of exchange rate of the dinar against the US dollar and disclose its reasons.
“Suhail chaired a meeting of the Finance Committee at its headquarters in the presence of the central bank governor , Abdul Basit Turki, the Chairman of the Committee and its members,” According to a statement issued by Suhail’s Office received by “Shafaq News”.
Suhail stressed “the need to identify procedures taken by the management of the central bank to deal with the fluctuation of the exchange rate,” confirming ” the importance of knowing the real reasons that led to this instability, which will negatively affect the lives of the Iraqi individual”.
The Presidency of the parliament announced on Sunday, its full support for the actions that the central bank intends to take to ensure the stability of the Iraqi currency after it experienced a value decline against the dollar to a record level in two year.
The value of the Iraqi dinar has declined gradually over the past weeks to reach the per dollar price to about 1129 dinars after it was stable at 1120, which is the highest rate the exchange rate reaches during the past two years.
The Finance Committee of the parliament revealed, early last month, that the Central Bank of Iraq started to take urgent measures to preserve the stability of the exchange rate of the Iraqi dinar against the dollar by increasing exchange facilities of selling hard currency, but the value of the currency has continued to decline.
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“Suhail chaired a meeting of the Finance Committee at its headquarters in the presence of the central bank governor , Abdul Basit Turki, the Chairman of the Committee and its members,” According to a statement issued by Suhail’s Office received by “Shafaq News”.
Suhail stressed “the need to identify procedures taken by the management of the central bank to deal with the fluctuation of the exchange rate,” confirming ” the importance of knowing the real reasons that led to this instability, which will negatively affect the lives of the Iraqi individual”.
The Presidency of the parliament announced on Sunday, its full support for the actions that the central bank intends to take to ensure the stability of the Iraqi currency after it experienced a value decline against the dollar to a record level in two year.
The value of the Iraqi dinar has declined gradually over the past weeks to reach the per dollar price to about 1129 dinars after it was stable at 1120, which is the highest rate the exchange rate reaches during the past two years.
The Finance Committee of the parliament revealed, early last month, that the Central Bank of Iraq started to take urgent measures to preserve the stability of the exchange rate of the Iraqi dinar against the dollar by increasing exchange facilities of selling hard currency, but the value of the currency has continued to decline.
[You must be registered and logged in to see this link.]
