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Parliamentary Finance calls on bloc leaders for an emergency session regarding the rise in the dollar
The first 11/08/2023
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Baghdad: Shaima Rasheed
The Parliamentary Finance Committee called on the leaders of the political blocs to hold an emergency session regarding the rise in the price of the dollar against the Iraqi dinar, while describing the Central Bank’s solutions as marginal and not helping to solve the problem.
Member of the Finance Committee, Jamal Kujar, said in a statement to Al-Sabah: There are many reasons for the dollar’s rise, including the failure to spend the budget in the required manner so that it is not exploited by the parties participating in the elections, noting the presence of a will that wants to thwart the “SWIFT” system on the part of the influential parties.
He pointed out that other reasons are the many complications in the way of companies, investors, traders, and private sector people to obtain the dollar from the platform, in addition to the mafia’s control over the dollar platform through which it is spent.
Cougar pointed out the political concern about the repercussions of the Gaza war on the entire region, and the Iraqi position on the events may lead in the future, if it engages in the conflict, to repercussions that may be more severe, stressing that the solution lies in spending the budget, providing very many facilities to investors, and simplifying government procedures to obtain the dollar, in addition to striking... Mafias and reducing their influence and control over banks.
He called for holding an emergency session in the presence of the leaders of the political blocs and specialists and informing them of the dangers of not implementing the “SWIFT” system and its repercussions on the political, economic, and even security and social dimensions.
Edited by: Adhraa Juma
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