The markets are boiling in dollars, and Parliament intends to open its session by discussing the cri

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[size=52]The markets are boiling in dollars, and Parliament intends to open its session by discussing the crisis[/size]

[size=45]Baghdad / Hussein Hatem[/size]
[size=45]The House of Representatives intends to open its first session in the new legislative term by discussing the “dollar crisis,” while the Central Bank of Iraq confirmed that the exchange rates are “temporary and will return to normal within two weeks, i.e. 1470 for every 100 dollars.”[/size]
[size=45]Members of Parliament held the Central Bank of Iraq responsible for the rise in the exchange rate of the dollar, especially after it crossed the barrier of 160,000 dinars for every $100 for the first time in the year 2023, yesterday, Tuesday.[/size]
[size=45]A member of the Parliamentary Finance Committee, Nazem Al-Shibli, says, “The House of Representatives has sought more than once and is still trying to reduce the exchange rates of the dollar.”[/size]
[size=45]Al-Shibli added, "The great responsibility lies with the Central Bank of Iraq, and parliament is a legislative authority that does not have a trick in its hands to manipulate prices."[/size]
[size=45]He pointed out, "The Central Bank of Iraq is primarily responsible for financial policy in Iraq," noting, "If there are previous or new mistakes, the bank is the one who bears those mistakes."[/size]
[size=45]Al-Shibli put forward solutions to control the exchange rates of the dollar, represented by “increasing sales outlets, and controlling receipts that were provided fraudulently to banks and the central bank.”[/size]
[size=45]In turn, a member of the House of Representatives, Baqir Kazem Al-Saadi, says, "The first session in the new legislative term of Parliament will be related to discussing and finding solutions to the crisis of the high exchange rate of the dollar."[/size]
[size=45]Al-Saadi added, "The House of Representatives will submit a report and proposals to the Ministry of Finance in order to study the issue of dollar exchange."[/size]
[size=45]He explained, "The work of the parliamentary committees in the previous period focused on finding solutions and proposals in order to work to reduce the exchange rate of the dollar after the speculations it witnessed."[/size]
[size=45]Al-Saadi stressed, "The next session will be an emergency to solve the dollar exchange rate crisis, and all aspects that will contribute to preserving the value of the Iraqi dinar will be studied."[/size]
[size=45]For his part, another member of the House of Representatives, Kazem Al-Touki, says, “Most members of the House of Representatives collected signatures in order to hold an extraordinary session to discuss the rise in the exchange rate of the dollar in the local markets and to find out its causes and repercussions.”[/size]
[size=45]Al-Touki added, "Parliament intends to start its new legislative term by holding a session in which the aforementioned issue will be discussed in order to summon the authorities concerned with financial affairs in order to find out the real solutions to the rise and restore the situation to its predecessor."[/size]
[size=45]And he pointed out, “The government’s treatments regarding the dollar exchange rate did not produce the desired results, despite the distribution of the currency to banks authorized with the same value, as it was temporary and was unable to restore the exchange rate to its previous position.”[/size]
[size=45]In addition, the advisor to the Central Bank of Iraq, Ihsan Shamran al-Yasiri, said, “The central bank is committed and compliant with the decisions of the international community, and as long as there are countries that are prohibited from receiving the dollar, then the central bank cannot bypass that and not violate the controls.”[/size]
[size=45]And he emphasized that “the turmoil in dollar prices is a temporary situation, and within two weeks the dollar price will return to its normal stable position of 1470, that is, before the end of this month of January,” noting that “the central bank’s resources are now at their highest levels in decades.”[/size]
[size=45]Al-Yasiri explained, "The state's financial situation is very comfortable," noting that "the controls that were put in place to sell the dollar on the platform came in order for the dollar to go to the real beneficiary, and it is a regulatory process."[/size]
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