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Parliamentary recommendation to take precautionary measures to tackle inflation
Economy Yesterday, 14:40
Baghdad - I know
Today, Sunday, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, stressed the need to take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.
Al-Mandalawi said in a statement issued while chairing an expanded meeting of the Finance Committee in the presence of Central Bank Governor Mustafa Ghaleb, and received by the Iraqi News Agency (INA), that
“the Central Bank is directly responsible for implementing the country’s banking policies, and
it is concerned with
stressing that
“the bank must take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.” He added,
"The Central Bank has a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and to provide the Committee with all documents related to the file of letters of guarantee and the currency sale window."
During the meeting, a number of questions were raised by the members of the Finance Committee related to the
And it was agreed to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.
Parliamentary recommendation to take precautionary measures to tackle inflation
Economy Yesterday, 14:40
Baghdad - I know
Today, Sunday, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, stressed the need to take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.
Al-Mandalawi said in a statement issued while chairing an expanded meeting of the Finance Committee in the presence of Central Bank Governor Mustafa Ghaleb, and received by the Iraqi News Agency (INA), that
“the Central Bank is directly responsible for implementing the country’s banking policies, and
it is concerned with
- developing the work of banks and
monitoring their business with the aim of
protecting deposits Citizens and
keeping pace with the global development in this important sector on which the state depends to develop the rest of the sectors such as industry, agriculture, investment, tourism and others,”
stressing that
“the bank must take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.” He added,
"The Central Bank has a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and to provide the Committee with all documents related to the file of letters of guarantee and the currency sale window."
During the meeting, a number of questions were raised by the members of the Finance Committee related to the
- currency sale window of the Central Bank, the
industrial and housing initiative loans, the
Central Bank’s policies regarding increasing the capital of
commercial,
Islamic and
private banks,
custodian banks,
letters of guarantee, and the
bank’s supervisory role over banks, and to
come up with a number of recommendations.
And it was agreed to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.
