The Federal Court summons the Minister of Finance and the Governor of the Central Bank to appear in a special session on the exchange rate
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The Federal Court held its session regarding the lawsuit (32 federal) regarding raising the exchange rate and establishing the Sovereign Wealth Fund.
The court decided to seek the assistance of economic experts, Bassem Jamil and Abdel Rahman Najm, regarding the plea to raise the exchange rate of the dollar.
It also decided to postpone the pleading for 14/3 in a special session in which the Minister of Finance and the Governor of the Central Bank will attend.
It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.
As a result, according to specialists, the annual inflation in Iraq has risen significantly, so that the prices of all materials and commodities in the Iraqi market have risen significantly, which has sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.
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