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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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A parliamentarian attacks the governor of the Central Bank for his “insistence” on raising the excha

rocky
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A parliamentarian attacks the governor of the Central Bank for his “insistence” on raising the excha Empty A parliamentarian attacks the governor of the Central Bank for his “insistence” on raising the excha

Post by rocky Tue 06 Dec 2022, 6:04 am

A parliamentarian attacks the governor of the Central Bank for his “insistence” on raising the exchange rate and threatens to question him



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2022-12-06 04:09


Shafaq News/ A member of Parliament for the "Sadiqun" parliamentary bloc, Rafik al-Salhi, accused, on Tuesday, the governor of the Central Bank of Iraq of insisting on keeping the exchange rate of the US dollar against the dinar, hinting at the possibility of interrogating the governor under the dome of parliament in the event that the exchange rate is not restored as it was in Previous.
Al-Salhi said in a press conference held today, that "with the rise in crude oil prices and the growth of oil revenues, the governor of the Central Bank is still insisting on raising the exchange rate of the dollar, and restricting citizens, especially those with limited income."



And he added, "We have followed with great astonishment during the past days about the central bank's inability to change the exchange rate of the dollar, and that the decision was taken in consultation with the International Monetary Fund, and we do not know whether the governor of the central bank lives in Iraq or in another country, and he is not aware of the extent of the damage that he suffered." Over the past two years, the simple citizen has witnessed an insane rise in the prices of consumer goods, which added another burden on the shoulders of the poor.
And Al-Salhi considered that mortgaging the Iraqi economy with the dictates of the International Monetary Fund represents a dangerous turning point that affects the future of the country and it.
The parliamentarian also called on the government and the governor of the central bank to expedite the reduction of the exchange rate of the dollar to what it was previously, adding that the House of Representatives has the final word, otherwise it is possible to correct the decision by the legislative authority, even if it is necessary to amend the central bank law.
He went on to say that the House of Representatives demands its moral and constitutional responsibility and work to correct the decision to raise the exchange rate of the dollar and look at the size of the injustice and the harm that befell millions of the poor and those with no income.
Al-Salhi pointed out that in the event that the governor of the Central Bank does not respond by returning the exchange rate of the dollar to the old price, we have no choice but to collect parliamentary signatures to interrogate the governor of the Central Bank inside the dome of Parliament.

And at the end of 2020, the Central Bank of Iraq decided to reduce the value of the local dinar against the dollar from 1190 dinars per dollar to 1450 dinars, to contain a financial crisis that Baghdad was suffering from due to a significant decline in oil prices due to the repercussions of the Corona pandemic.
The decision caused an increase in prices in the local markets by more than 20 percent, which negatively affected low-income and middle-class people.
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