by Rocky Tue 30 Jul 2024, 6:35 pm
MM&C 7/30/24
Tuesday 30, July 2024 The Presidency of the Council of Representatives agreed to host the Governor of the Central Bank of Iraq, Ali Al-Alaq, during th... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Tuesday 30, July 2024
The Presidency of the Council of Representatives agreed to host the Governor of the Central Bank of Iraq, Ali Al-Alaq, during the upcoming sessions of the Council of Representatives.
Member of the Parliamentary Integrity Committee ""Hadi Al-Salami"" confirmed, in a statement to the News, that "the Presidency of the Council of Representatives approved hosting the Governor of the Central Bank in the session of the Council of Representatives, the date of which will be determined later, within the framework of the supervisory role of the work of the Central Bank and its Governor, and in accordance with the Council of Representatives Law No. 13 of 2018, Articles 27-29 thereof."
He added, "Hosting the Governor of the Central Bank will be to answer the oral question before the Council of Representatives regarding the exchange rate in the parallel market, and the large financial difference from the official exchange rate, as well as what is related to the application of the standards of transparency and confidentiality and not announcing the daily bulletin of the Central Bank."
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I will be all ears when this happens. Answering why the Parallel Market rate (an illegal one) has any baring on the reality of the official exchange rate differential. The Parallel market is feeding a lot of illicit trade, but, as far as Al-Saleh is concerned it is insignificant now and becoming more so from the looks of it each day now.. imo ~ MM | | | |
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