Today, the Presidency of Parliament is discussing the exchange rate of the dollar

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[size=52]Today, the Presidency of Parliament is discussing the exchange rate of the dollar[/size]

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Citizens are awaiting what will lead to the hosting of the Presidency of Parliament, today, Saturday, both by Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghaleb to discuss the dollar exchange rate, after the proposals made by the leader of the Sadrist movement, Muqtada al-Sadr in this regard to try to address the significant impact left by the decision to cut The value of the Iraqi dinar against the dollar in citizens more than a year ago.
Yesterday, Friday, Minister of Finance Ali Abdul Amir Allawi responded to the request to summon him, returning it to him as a "rejected interference."
A member of the House of Representatives, Aref Al-Hamami, said in an interview: “The deputies are in favor of decreasing the exchange rate, and everyone should support this trend,” noting that “the deputies will work with the start of the sessions to collect signatures to reduce the exchange rate.”
And he indicated that “the Presidency of the Parliament hosting the Minister of Finance and the Governor of the Central Bank will not be attended by the deputies because there is no agenda for sessions at the moment, and the session will be deliberative only.” Exchange".
Al-Hamami pointed out that “the Presidency itself represents the political blocs at that time, the exchange rate of the dollar rose,” blaming both “the Prime Minister and the Speaker of the repercussions in the markets as a result of this matter, because the rise of the dollar was during their time and by a government decision.”
He continued, "It has never happened before that a government lowered the price of its currency against the foreign currency. On the contrary, governments use experts to raise the value of their local currency," noting that "more than one prime minister led the government during the past years, and oil prices fell, and neither the dollar nor the dollar was manipulated. salaries,” and stressed that “the reduction of the exchange rate does not go beyond the political agreement between the blocs represented by the Presidency of Parliament, the Prime Minister and the Central Governor.”
In addition, the economic expert, Saleh Al-Hamashi, considered that “Parliament’s calls to reduce the exchange rate are political calls far from professional and realistic,” referring to “the government’s failure to achieve economic balance after raising the exchange rate.”
Al-Hamashi said: “Changing the dollar exchange rate has nothing to do with the street or the market, but rather has to do with the monetary policy followed by the Central Bank, and this policy depends on the economic and commercial activity in the country and on the size of the monetary mass, and the monetary mass is still not commensurate with the volume of Iraqi economic activity.” and commercial.”
He added that "the central bank, when it took a decision to raise the exchange rate, was due to the liquidity problem that the country was suffering from and is still suffering for this moment," noting that "returning the exchange rate to its previous one will restore the liquidity problem."
And between, "When a change occurs in the currency in all countries of the world, the government takes a set of measures to preserve basic commodities, and the government was supposed to take measures exempting basic commodities from customs and tax to maintain prices, or to carry out economic reforms for some basic commodities."

 Editing: Muhammad Al-Ansari
Disclaimer: All published articles represent the opinion of its authors only[/size]
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