Legal: The Central Bank offended the national currency ... and the state left the citizen without protection!

12/15/2020 18:41:57



{Euphrates News: Baghdad} The legal advisor in previous governments, Fadel Muhammad Jawad, said on Tuesday that the Central Bank offended the national currency, and the state left the citizen without protection from the policy of the Central Bank, currency speculators and the beneficiaries of the currency auction.

Fadel Jawad was surprised in a statement issued today, Tuesday, which was seen by {Al Furat News}, in which he stated, "It is unbelievable ... The Central Bank continues to sell the dollar at the currency auction at 1190 dinars to the dollar and on the basis that securing the dollar through currency auction will deprive the value of the Iraqi dinar," While we see the opposite, the Iraqi dinar is in a continuous decline, and its price has decreased until today to 1,300 dinars per dollar, and it is likely to decline further in the coming days. "

Jawad asked, "Where is the state from the policy of the Central Bank of Iraq when one of the federal government’s powers is to draw monetary policy and the central bank must implement. Why do speculators determine the price of the dollar without state oversight, while we see in neighboring countries that money changers get "One or two piasters when performing a currency conversion and on the other hand, they are subject to strict legal liability."

He pointed out that, "the central bank offended the national currency and the state left the citizen without protection from the policy of the central bank and the behavior of speculators in the currency and the beneficiaries of the currency auction."

At the end of his speech, Jawad called, "The prime minister, as the chief executive officer in the state, to intervene quickly to stop the deterioration of the Iraqi dinar, address the issue of currency auction and put an end to corruption and greed among the beneficiaries of the currency auction and currency speculators."

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