A legal expert confirms the possibility of changing the dollar exchange rate with a proposal from the Governor of the Central Bank and the approval of Parliament
Saturday 19 , February 2022 | Economy
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Baghdad / NINA / - The legal expert, Ali Al-Tamimi, confirmed the possibility of changing the dollar exchange rate with a proposal from the Governor of the Central Bank and the approval of Parliament.
Al-Tamimi said in a statement: "According to Article 61 Seventh / B of the constitution, 25 MPs can raise a general topic for discussion and clarification and host the competent Minister.
Also, Article 58 of the constitution authorized the holding of the extraordinary session with the approval of 50 MPs, and this is not an interrogation, but an interrogation in accordance with the constitution and the internal system of Parliament."
He explained: "Economic security is one of the first priorities of the government of managing daily affairs,
meaning that security is an exception to the concept of conducting business or daily affairs,
and the governor of the Central Bank can suggest changing the exchange rate of the dollar and bringing it down and presenting this to Parliament to give it legitimacy, and then if he is lucky. Voting by the absolute majority of the number of members, half of the total number plus one, adopts this change,” noting:
“The justification for this is the impact of this rise in the exchange rate on the poor and the prevalence of crime, suicide and heinous crimes, just as the rise in the exchange rate violates Articles 30 and 31 of the constitution, which the government is obligated to provide a free and decent life.
He pointed out that the other solution is that after this clarification, this proposal to go down the exchange rate is included in the next budget law, which is presented by the elected government according to exchange rate changes, and this becomes a binding law.
He stressed that the economic situation has a significant impact on the lives of the poor and has led to an increase in crime, divorce and suicide, so the urgent solution is in the public interest, as people's lives are above the law and the people are the source of authorities. / End