Iraqi Parliament supports the Central Bank's measures to ensure the stability of the dinar

Twilight news announced the Presidency of Parliament, Sunday, its full support for the actions the Central Bank intends to take to ensure the stability of the Iraqi currency has been falling in value against the dollar to a record low in two years. And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to around 1129 DT was stable from 1120, the highest rate of exchange-rate mechanism for the last two years.

The Finance Committee in the House of representatives, unveiled early last month, the Central Bank of Iraq to take urgent action to maintain the stability of the exchange rate of the Iraqi dinar against the dollar by increasing sales outlets for hard currency, the currency continued to decline.

A statement said the House of representatives for "Twilight", the Presidency of the Chamber of deputies headed by Osama Abdul Aziz nujaifi Chairman of the Board and in the presence of Qusay Al-Suhail, first Deputy Speaker of the House of representatives and Aref tayfur, Vice-President of the Council, met with the President of the Office of financial supervision and the Iraqi Central Bank Governor Abdel Basset Turki "agency.

The Presidency of the Council during the meeting expressed "full support for the Central Bank to check the work of private banks and archiving information within the Bank and reform measures which include adjusting the exchange rate of the dollar and reduce the phenomenon of money laundering and to strengthen the capacity of the Central Bank in economic development". According to the statement, the meeting dealt with the role of the House of representatives pass resolutions to protect the money of Iraq for the coming year and address the issue of debt and push for the concentration of the international effort to protect Iraqi funds abroad.

Iraq looks forward to the United States to protect its assets and Central Bank reserves and the Development Fund for Iraq next year and fortified against creditors. US President Barack Obama signed an executive order last year to extend immunity to Iraqi money in the Development Fund for Iraq for one year, in view of the situation in Iraq. It appears that confidence in Iraqi currency broken down after a Government decision to sack former Central Bank Governor Sinan Al-Shabibi and tense security conditions in an unprecedented manner during the past weeks.

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