Al-Tamimi reveals to / Nina / new details about the joint meeting with the Governor of the Central Bank

by **RamblerNash** Wed Jun 23, 2021 10:21 pm

Wednesday 23 June 2021 18:02

Baghdad / NINA / - The Parliamentary Finance Committee revealed new details regarding the joint parliamentary meeting with the Governor of the Central Bank of Iraq on Tuesday.

Member of the Committee, Representative Magda Al-Tamimi, stated, in a statement to the National Iraqi News Agency ( NINA ), that "the policy of the Central Bank is related to maintaining the stability of the currency exchange rate against the dinar, and the stability of the level of economic trading in the local market."

And she added, "Determining the exchange rate of the currency against the dinar is a major exclusive authority to the Central Bank, but during the joint meeting with the governor of the bank yesterday, Tuesday, we knew that the Ministry of Finance interfered significantly in changing the exchange rate."

She explained, "I told the Governor of the Central Bank that you had to resign from your position, because you made someone else dictate to you a decision within your powers," noting that "According to Article 4 of the Central Bank of Iraq Law, the governor is responsible for setting the exchange rate, not the Minister of Finance. ".

Al-Tamimi said, “The governor of the Central Bank does not bear all these repercussions for changing the exchange rate, because monetary policy is linked with fiscal policy,” indicating that “the government is responsible for changing the exchange rate because there is a government decision to achieve reforms,” and indicated that The Parliamentary Committee requested new financial reports and data from the Central Bank Governor, who promised to submit them soon.

A member of the Parliamentary Finance Committee said that she had submitted an official request to hold an urgent meeting with Prime Minister Mustafa Al-Kazemi in the presence of ministers and the authorities concerned with fiscal and monetary policy in the government, regarding the feasibility of economic reforms and changing the currency exchange rate in light of the high prices of food commodities in the local market, and the fate of electronic governance. /finished5

https://ninanews.com/Website/News/Details?Key=911696