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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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After more than a month of the parliamentary movement .. Setting an official date for the questionin

rocky
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After more than a month of the parliamentary movement .. Setting an official date for the questionin Empty After more than a month of the parliamentary movement .. Setting an official date for the questionin

Post by rocky Sat 23 Jan 2021, 7:10 am


[size=30]After more than a month of the parliamentary movement .. Setting an official date for the questioning of the governor of the Central Bank: Will the dollar price return to 120 thousand?

2021-01-22
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Yes Iraq: Baghdad

After more than a month has passed since the launch of parliamentary moves to question the governor of the Central Bank, Mustafa Ghaleb Makheif, the House of Representatives set an explicit date for hosting and a frightening interrogation under the dome of Parliament, for several issues, on top of which is the issue of raising the exchange rate of the dollar against the Iraqi dinar.
 
A document issued by the House of Representatives revealed that next Wednesday, January 27, 2021, will be set as a date for the questioning of the Central Bank Governor, Mustafa Ghaleb Mekhaif, against the background of the request submitted by MP Faleh Sari.
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Earlier, MPs revealed efforts and moves to question the central bank governor on files related to monetary policy, especially the currency auction file, as well as the devaluation of the Iraqi dinar and the setting of a new high dollar price from 1190 to 1450 dinars per dollar.
 
The central bank is considered the primary responsibility for maintaining the exchange rate, but the official pricing is primarily the responsibility of the government.
 
 
The Parliamentary Finance Committee said earlier, that "determining the exchange rate of the dollar is a governmental matter and from its exclusive authority as it is the one who draws and implements the fiscal and monetary policy."
 
As the legal expert Ali Al-Tamimi explained, “The rise in the exchange rate of the dollar to 1450 violates articles 30 and 31 of the Iraqi constitution, which require the state to provide a free and decent life and suitable income, and also this procedure violates Articles 23 and 26 of the International Covenant on Civil and Political Rights, which require All the countries of the world that are members of the United Nations Organization abide by it.
He added, “The Central Bank Law No. 56 of 2004 is an independent body under Article 3 of this law and also the Central Bank’s instructions for the year 2017, and therefore it is the one that determines the exchange rate and if there is an increase in the price, it is necessary to control market prices and prevent inflation that will increase poverty, so read “.
 
He pointed out that “there is a possibility to challenge this law if it is legislated by Parliament before the Federal Court, and Parliament can not agree to legislate this law and return it to the government for an amendment because Parliament can do so constitutionally as it represents society, according to Article 61 of the Constitution, as well as Article 13 of the Administration Law. Finance 6 of 2019 ”.

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