An upcoming parliamentary meeting to discuss the emergency rise in the exchange rate

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[size=52]An upcoming parliamentary meeting to discuss the emergency rise in the exchange rate[/size]

[size=45]Parliamentary circles said that the coming days will witness a meeting in Parliament to discuss the crisis of the emergency rise in the exchange rate of the dollar against the Iraqi dinar, expressing the hope that it will return to its official rates soon. Representative Muhammad Qutayba said, in a statement followed by (Al-Mada), that "an upcoming parliamentary session will be held to discuss the rise in the exchange rates of the dollar."[/size]
[size=45]Qutayba continued, "Parliament is following the rise in the exchange rate of the dollar in the Iraqi markets with great concern because of the pressure it causes on the prices of basic materials, especially foodstuffs, which constitutes an additional burden on the shoulders of millions of poor, simple and displaced people."[/size]
[size=45]He pointed out, "The rise in the exchange rate of the dollar in a few days is still ambiguous, and we did not receive any government indication that would reveal the reasons." And Qutiba stated, “The session that is being prepared will witness the hosting of those concerned with the financial file to find out the reasons behind the recent rise in exchange rates and what are the solutions on offer.”[/size]
[size=45]And he stressed, "The need for there to be control over the high fever to prevent the worsening of the economic conditions in the country, especially since any rise will push the segments below the poverty line."[/size]
[size=45]For his part, the other representative, Thaer Makhaif, stated that “the rise in the exchange rates of the dollar, we expect it to be temporary, and due to external influences far from everyone’s will.”[/size]
[size=45]He added, "Speculations and countries that interfere in the country's economic policy have a stake in the issue of Iraq's economies, as is the case in their interference in political affairs."[/size]
[size=45]And he feared that "prices will return to decline and stability during the coming period, especially after the recent government measures to increase the shares of banks."[/size]
[size=45]On a related note, Representative Baqir Kazem said, "The rise in the exchange rate these days will not last more than a month, after the new measures that are being implemented by the Central Bank."[/size]
[size=45]Kazem added, "The latter will work to sell the dollar to merchants in the circle of new credits, at subsidized prices, directly."[/size]
[size=45]He pointed out, "The reason for the increase is that many merchants transfer millions of dollars to money exchangers and fake companies working to smuggle it out of Iraq," stressing that "the exchange rate after the new procedures will settle at 146 thousand Iraqi dinars compared to 100 dollars."[/size]
[size=45]Observers had confirmed that the reason for the rise in the dollar was the measures taken by the US Federal Bank against a number of Iraqi banks participating in the auction of selling the currency, which led to its exclusion, and a deficit in demand. %.[/size]
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