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Collecting signatures on the issuance of a parliamentary decision binding the government on the reduction of the dollar
13:44 - 20/03/2021
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The information / Baghdad ..
MP from Al-Fateh Alliance Muhammad Karim revealed, on Saturday, that the signatures were collected by members of Parliament for the purpose of issuing a binding decision for the government to reduce the exchange rate of the Iraqi dinar against the dollar, stressing that the authority of the reduction is within the jurisdiction of the Central Bank as it is responsible for monetary policy under Law.
Karim said in a statement to "the information", "The Central Bank of Iraq is the only authority responsible for organizing the monetary policy in the country in accordance with Article 2 of Law No. 56 of 2004, and the Finance Committee is not permitted to control the exchange rate of the dollar."
He added that "the House of Representatives has the authority to consult with the Central Bank on reducing the exchange rate of the dinar against the US dollar or issuing a binding decision for the government to reduce, especially in the event of an increase in the price of selling oil."
Karim explained, "Members of Parliament are collecting signatures for the purpose of issuing a binding decision for the government to reduce the exchange rate of the Iraqi dinar as for the US dollar." Ended / 25 AD
MP from Al-Fateh Alliance Muhammad Karim revealed, on Saturday, that the signatures were collected by members of Parliament for the purpose of issuing a binding decision for the government to reduce the exchange rate of the Iraqi dinar against the dollar, stressing that the authority of the reduction is within the jurisdiction of the Central Bank as it is responsible for monetary policy under Law.
Karim said in a statement to "the information", "The Central Bank of Iraq is the only authority responsible for organizing the monetary policy in the country in accordance with Article 2 of Law No. 56 of 2004, and the Finance Committee is not permitted to control the exchange rate of the dollar."
He added that "the House of Representatives has the authority to consult with the Central Bank on reducing the exchange rate of the dinar against the US dollar or issuing a binding decision for the government to reduce, especially in the event of an increase in the price of selling oil."
Karim explained, "Members of Parliament are collecting signatures for the purpose of issuing a binding decision for the government to reduce the exchange rate of the Iraqi dinar as for the US dollar." Ended / 25 AD
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