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Expanding the circle of demands for the dismissal of the Central Bank Governor
August 7, 2024
Baghdad / Iraq Observer
Demands are still continuing to dismiss the Governor of the Central Bank, Ali Al-Alaq, due to his lack of control over the exchange rate of the US dollar in the local markets and because of the direct impact and impact of this file on the lives of citizens and their daily livelihood.
In this regard, the leader of the Al-Fatah Alliance, Ali Al-Fatlawi, called on the Governor of the Central Bank to submit his resignation if he is unable to reach a solution to the problem of fluctuation in dollar prices. Al-Fatlawi told Iraq Observer,
“There is a problem in the Iraqi economic system that is embodied in the lack of control over the exchange rate, which has recently witnessed continuous rises, the first of which is the seizure of the Iraqi dollar, which the United States of America has tightened its grip on.” He added,
“Secondly, there is no real solution to be found, even though the rise fluctuates between ups and downs.
Iraq needs a real mechanism to stabilize the dollar, especially since Prime Minister Muhammad Shiaa Al-Sudani confirmed on more than one occasion that the Iraqi dinar is stronger than the dollar, so the governor of the Central Bank must find the appropriate solution for this.” “The fluctuation between going below fifty and rising above it.” Al-Fatlawi expressed his belief that
“if the Governor of the Central Bank, Ali Al-Alaq, is not able to reach a solution to this fluctuation in dollar prices, he must resign from his position.” He continued,
"Prime Minister Muhammad Shiaa Al-Sudani has the wisdom to find a real mechanism to support the Iraqi economy, stabilize the dollar, improve the Iraqi economic reality in terms of investment, and attract countries, whether Arab or European, for the purpose of investment, which will help Iraq's renaissance and achieve its economic stability." He pointed out that
“although inflation in Iraq is not at the level of other countries such as Lebanon, Syria and Iran that are subject to American influence, as the exchange rate in Iraq was in 2020 around 120 and by parliamentary decision and then it rose to 145 and is still between 145 to 150, that is, it has not It exceeds 5 thousand Iraqi dinars, so it is not considered financial inflation as much as it is uncontrolled, but Iraq currently needs the exchange rate to be equal to the dinar, or for there to be a slight difference between them.”
A member of the Parliamentary Integrity Committee, Hadi Al-Salami, previously explained that there had previously been a demand to end the assignment of the Governor of the Central Bank of Iraq six years ago. Months and the period has expired. Al-Salami told Iraq Observer,
“The Integrity Committee has verbal questions directed to the governor of the Central Bank and is waiting for a date to be set by the Presidency of the House of Representatives to direct these questions at the level of accountability and accountability to the governor of the Central Bank.” He added,
"Today some representatives of the Parliamentary Finance Committee collected signatures to interrogate the Governor of the Central Bank, and this is one of the most important oversight roles exercised by the parliamentary committees to guarantee the rights of the Iraqi people." He continued,
"Among the oral questions that it is hoped will be related to the parallel and real exchange rate and the bulletin price, as there was a global bulletin for the amount of amounts sold to banks and companies, but now it has become secret."
A number of members of the Finance Committee had previously called on the Presidency of Parliament to host the Central Bank at the earliest session and in accordance with the applicable articles of the Constitution and internal regulations.
The representatives confirmed that the reason for the interrogation request was due to a major defect in the management of the Central Bank, which is why the Central Bank Governor was required to be interrogated.
https://observeriraq.net/توسع-دائرة-المطالبة-بإقالة-محافظ-البن/
August 7, 2024
Baghdad / Iraq Observer
Demands are still continuing to dismiss the Governor of the Central Bank, Ali Al-Alaq, due to his lack of control over the exchange rate of the US dollar in the local markets and because of the direct impact and impact of this file on the lives of citizens and their daily livelihood.
In this regard, the leader of the Al-Fatah Alliance, Ali Al-Fatlawi, called on the Governor of the Central Bank to submit his resignation if he is unable to reach a solution to the problem of fluctuation in dollar prices. Al-Fatlawi told Iraq Observer,
“There is a problem in the Iraqi economic system that is embodied in the lack of control over the exchange rate, which has recently witnessed continuous rises, the first of which is the seizure of the Iraqi dollar, which the United States of America has tightened its grip on.” He added,
“Secondly, there is no real solution to be found, even though the rise fluctuates between ups and downs.
Iraq needs a real mechanism to stabilize the dollar, especially since Prime Minister Muhammad Shiaa Al-Sudani confirmed on more than one occasion that the Iraqi dinar is stronger than the dollar, so the governor of the Central Bank must find the appropriate solution for this.” “The fluctuation between going below fifty and rising above it.” Al-Fatlawi expressed his belief that
“if the Governor of the Central Bank, Ali Al-Alaq, is not able to reach a solution to this fluctuation in dollar prices, he must resign from his position.” He continued,
"Prime Minister Muhammad Shiaa Al-Sudani has the wisdom to find a real mechanism to support the Iraqi economy, stabilize the dollar, improve the Iraqi economic reality in terms of investment, and attract countries, whether Arab or European, for the purpose of investment, which will help Iraq's renaissance and achieve its economic stability." He pointed out that
“although inflation in Iraq is not at the level of other countries such as Lebanon, Syria and Iran that are subject to American influence, as the exchange rate in Iraq was in 2020 around 120 and by parliamentary decision and then it rose to 145 and is still between 145 to 150, that is, it has not It exceeds 5 thousand Iraqi dinars, so it is not considered financial inflation as much as it is uncontrolled, but Iraq currently needs the exchange rate to be equal to the dinar, or for there to be a slight difference between them.”
A member of the Parliamentary Integrity Committee, Hadi Al-Salami, previously explained that there had previously been a demand to end the assignment of the Governor of the Central Bank of Iraq six years ago. Months and the period has expired. Al-Salami told Iraq Observer,
“The Integrity Committee has verbal questions directed to the governor of the Central Bank and is waiting for a date to be set by the Presidency of the House of Representatives to direct these questions at the level of accountability and accountability to the governor of the Central Bank.” He added,
"Today some representatives of the Parliamentary Finance Committee collected signatures to interrogate the Governor of the Central Bank, and this is one of the most important oversight roles exercised by the parliamentary committees to guarantee the rights of the Iraqi people." He continued,
"Among the oral questions that it is hoped will be related to the parallel and real exchange rate and the bulletin price, as there was a global bulletin for the amount of amounts sold to banks and companies, but now it has become secret."
A number of members of the Finance Committee had previously called on the Presidency of Parliament to host the Central Bank at the earliest session and in accordance with the applicable articles of the Constitution and internal regulations.
The representatives confirmed that the reason for the interrogation request was due to a major defect in the management of the Central Bank, which is why the Central Bank Governor was required to be interrogated.
https://observeriraq.net/توسع-دائرة-المطالبة-بإقالة-محافظ-البن/
