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[size=36]Al-Mandalawi gives the Central Bank one week to answer the questions of the Finance Committee[/size]
political| 02:41 - 09/10/2022
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Baghdad - Mawazine News
, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, stressed, on Sunday, the need to take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.
Al-Mandalawi said in a statement issued while chairing an expanded meeting of the Finance Committee, in the presence of Central Bank Governor Mustafa Ghaleb, that “the Central Bank is directly responsible for implementing the country’s banking policies, and it is concerned with developing the work of banks and monitoring their business in order to protect citizens’ deposits and keep pace with global development in this sector. The important thing that the state relies on to develop the rest of the sectors such as industry, agriculture, investment, tourism and others,” stressing that “the bank must take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.”
Al-Mandalawi added, "The Central Bank has a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and to provide the Committee with all documents related to the file of letters of guarantee and the currency sale window."
During the meeting, according to the statement, “a number of questions were raised by members of the Finance Committee related to the Central Bank’s currency sale window, industrial and housing initiative loans, and the Central Bank’s policies regarding increasing the capital of commercial, Islamic and private banks, custodial banks, letters of guarantee, and the bank’s supervisory role over banks. And coming up with a set of recommendations, and agreeing to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.” Ended 29/N33
, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, stressed, on Sunday, the need to take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.
Al-Mandalawi said in a statement issued while chairing an expanded meeting of the Finance Committee, in the presence of Central Bank Governor Mustafa Ghaleb, that “the Central Bank is directly responsible for implementing the country’s banking policies, and it is concerned with developing the work of banks and monitoring their business in order to protect citizens’ deposits and keep pace with global development in this sector. The important thing that the state relies on to develop the rest of the sectors such as industry, agriculture, investment, tourism and others,” stressing that “the bank must take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.”
Al-Mandalawi added, "The Central Bank has a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and to provide the Committee with all documents related to the file of letters of guarantee and the currency sale window."
During the meeting, according to the statement, “a number of questions were raised by members of the Finance Committee related to the Central Bank’s currency sale window, industrial and housing initiative loans, and the Central Bank’s policies regarding increasing the capital of commercial, Islamic and private banks, custodial banks, letters of guarantee, and the bank’s supervisory role over banks. And coming up with a set of recommendations, and agreeing to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.” Ended 29/N33
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