Iraqi MPs launch campaign to collect signatures to summon Central Bank Governor to Parliament

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[size=52]Iraqi MPs launch campaign to collect signatures to summon Central Bank Governor to Parliament[/size]

[size=45]A number of Iraqi parliament members launched a campaign to collect signatures to summon the governor of the Central Bank, Ali Al-Alaq, to ​​the House of Representatives.[/size]
[size=45]This step comes as part of attempts to determine the details of the Central Bank’s performance and raise the level of oversight over monetary policies and economic reforms.[/size]
[size=45]This move reflects the parliament's desire to monitor the country's financial and banking performance and ensure the achievement of the set economic goals.[/size]
[size=45]On August 8, Hadi Al-Salami, a member of the Parliamentary Integrity Committee, revealed that his committee had been following up for more than a year on the file of terminating the assignment of the Central Bank Governor, Ali Al-Alaq, from his position.[/size]
[size=45]Al-Salami stated that “there are many files and violations related to the Central Bank, which have been referred to the Integrity Commission and the Public Prosecution,” indicating that “these violations include issues related to the lack of control over the exchange rate in the market, in addition to millions of dollars and interest received by Arab and foreign banks, including Jordanian banks.”[/size]
[size=45]Jamal Kocher, a member of the Finance Committee of the Iraqi Parliament, said in press statements: “Seven or eight signatures were collected from within the Parliamentary Finance Committee, and signatures from members of other parliamentary committees are now being collected to support the campaign.”[/size]
[size=45]Kocher added, "The issue of sanctions imposed on Iraqi banks and the issue of dealing with the dollar are not under the control of the governor of the Central Bank, but these representatives have different private interests."[/size]
[size=45]He added, "If the matter reaches the point of accountability, Ali Al-Alaq will resign from his position, and he has already submitted his resignation."[/size]
[size=45]For his part, the member of the Finance Committee in the Iraqi Council of Representatives, Mohammed Nouri, believes that “replacing the governor of the Central Bank of Iraq is necessary, due to the economic conditions of the country, including the way of dealing with the US dollar and the failure to take appropriate measures to impose sanctions on a group of Iraqi banks.”[/size]
[size=45]Member of the Parliamentary Finance Committee, Mustafa Al-Karawi, revealed that a request was submitted to the Presidency of the Council of Representatives to set a date to question the Governor of the Central Bank of Iraq regarding several files, most notably the exchange rate of the dollar against the local currency.[/size]
[size=45]Al-Karawi explained that “members of the Parliamentary Finance Committee had previously submitted a request to the Speaker of the House of Representatives to question the Governor of the Central Bank, Ali Al-Alaq.”[/size]
[size=45]He added, "The interrogation relates to several files, the most important of which are the dollar exchange rate, its sale to travelers, the currency buying and selling window, financial transfers abroad, cash financing, US sanctions, and negotiations with the US Federal Reserve."[/size]
[size=45]In addition, the member of the Economic Committee in the Iraqi Council of Representatives, Soran Omar, said, “Ali Al-Alaq has reached the legal retirement age (60 years), and for this reason he submitted a request for his exemption to the Iraqi Prime Minister, Mohammed Shia Al-Sudani.”[/size]
[size=45]He continued: "The Iraqi Prime Minister has the authority to reject the exemption request and allow Al-Alaq to continue to hold his position for an additional period."[/size]
[size=45]The most important topics that the representatives want to discuss with the Governor of the Central Bank of Iraq are related to the sale of the US dollar, the fate of the talks with the US Federal Reserve, and the role of the bank in stabilizing the exchange rate of the Iraqi dinar.[/size]
[size=45]It is noteworthy that the most prominent representatives who are working to summon the Governor of the Central Bank of Iraq are: Mustafa Sand, Adi Awad, and Mohammed Nouri, members of the Finance Committee in the Iraqi Council of Representatives, and Hadi Al-Salami, member of the Parliamentary Integrity Committee.[/size]
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