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[size=36]The Central Bank Law can be amended .. The legal committee clarifies the exchange rate[/size]
Political| 08:33 - 25/03/2021
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BAGHDAD - Mawazine News
The Legal Committee in the House of Representatives announced, on Thursday, that it can amend the Central Bank Law within 6 days, which is the dominant authority over the validity of the decision on the exchange rate.
A member of the committee, Hussein Al-Aqabi, said: “It is true that changing the exchange rate in the law is within the jurisdiction of the Central Bank of Iraq, but legalizing any expense or revenue is a function of the legislative authority. This principle is in the hands of the legislative authority. ".
And Abizaid Al-Aqabi, saying: "Parliament is the one who granted them this jurisdiction in the Central Bank Law, and Parliament can amend the law from A to Z within six days only."
The committee member added, "One of the central bank's responsibilities is to maintain the stability of the Iraqi market economy, not to raise prices and exhaust the poor classes, as changing the exchange rate has caused harm to 60 percent of the Iraqi people, so the government must recognize the mistake and back down from this decision." Ended 29 / A43
The Legal Committee in the House of Representatives announced, on Thursday, that it can amend the Central Bank Law within 6 days, which is the dominant authority over the validity of the decision on the exchange rate.
A member of the committee, Hussein Al-Aqabi, said: “It is true that changing the exchange rate in the law is within the jurisdiction of the Central Bank of Iraq, but legalizing any expense or revenue is a function of the legislative authority. This principle is in the hands of the legislative authority. ".
And Abizaid Al-Aqabi, saying: "Parliament is the one who granted them this jurisdiction in the Central Bank Law, and Parliament can amend the law from A to Z within six days only."
The committee member added, "One of the central bank's responsibilities is to maintain the stability of the Iraqi market economy, not to raise prices and exhaust the poor classes, as changing the exchange rate has caused harm to 60 percent of the Iraqi people, so the government must recognize the mistake and back down from this decision." Ended 29 / A43
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