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[size=38]A Legal Expert Clarifies The Government's Powers To Determine The Dollar Exchange Rate
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2022/02/21 | 9:33 AM
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2022/02/21 | 9:33 AM
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The Information/Baghdad...
The legal expert, Ali Al-Tamimi, explained the extent of the government's powers to determine the exchange rate of the dollar in the local market, pointing out that economic security is one of the first priorities of the caretaker government.
Al-Tamimi told Al-Maalouma, "Economic security is one of the first priorities of the caretaker government and is excluded from the concept of conducting business or daily matters, and according to this matter, the governor of the Central Bank can suggest changing the dollar exchange rate and bringing it down and presenting this to Parliament in order to give it legitimacy. “.
He added, "Giving Parliament's legitimacy to the proposal of the Governor of the Central Bank by an absolute majority of the number of members, half of the total number plus one, this change is adopted, as the justifications for this are the impact of this rise in the exchange rate on the poor and the prevalence of crime, suicide and heinous crimes, and the rise in the exchange rate violates Articles 30 and 31 of the constitution, which obligate the government to provide a free and dignified life.
And he indicated that "this proposal to go down the exchange rate can be included in the next budget law, which is presented by the elected government according to exchange rate changes, and this becomes a binding law." finished 25
The legal expert, Ali Al-Tamimi, explained the extent of the government's powers to determine the exchange rate of the dollar in the local market, pointing out that economic security is one of the first priorities of the caretaker government.
Al-Tamimi told Al-Maalouma, "Economic security is one of the first priorities of the caretaker government and is excluded from the concept of conducting business or daily matters, and according to this matter, the governor of the Central Bank can suggest changing the dollar exchange rate and bringing it down and presenting this to Parliament in order to give it legitimacy. “.
He added, "Giving Parliament's legitimacy to the proposal of the Governor of the Central Bank by an absolute majority of the number of members, half of the total number plus one, this change is adopted, as the justifications for this are the impact of this rise in the exchange rate on the poor and the prevalence of crime, suicide and heinous crimes, and the rise in the exchange rate violates Articles 30 and 31 of the constitution, which obligate the government to provide a free and dignified life.
And he indicated that "this proposal to go down the exchange rate can be included in the next budget law, which is presented by the elected government according to exchange rate changes, and this becomes a binding law." finished 25
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