Movements to restore the dollar to its "original price" in Iraq are escalating sharply ... legal and judicial "mobilization" based on a "severe" loss

by **claud39** Tue Feb 16, 2021 8:37 pm

[size=30]Movements to restore the dollar to its "original price" in Iraq are escalating sharply ... legal and judicial "mobilization" based on a "severe" loss[/size]

2021-02-16

Movements to restore the dollar to its "original price" in Iraq are escalating sharply ... legal and judicial "mobilization" based on a "severe" loss %D8%AF%D9%88%D9%84%D8%A7%D8%B1-1-740x430-1

Yes Iraq: Baghdad

The talk returned again about the exchange rate of the dollar against the dinar, and the need to reconsider it, despite the final discount revealed by the Finance Committee throughout the previous period, not to tamper with the exchange rate or return it to its old price and fix it in the budget.

Talking about political consensuses or parliamentary attempts, which ended and the door was closed to them after the statements of the Finance Committee, but a conversation has been going on for days about a "legal loophole" that may return the exchange rate to its previous era.

Rallying to restore the dollar price .. Claims to the judiciary and the public prosecution

Member of the Parliamentary Legal Committee, Hussein Al-Oqabi, revealed that Iraq had lost a trillion dinars as a result of speculation adopted by "corrupt" private banks after the conflicting news about the price of the dollar, while he revealed a "mobilization" to restore the dollar to its previous price.

Al-Aqabi said in a press statement, "We call on the judiciary and the public prosecution to open a file on the loss of Iraq about a trillion dinars in one month after the leaks of raising the dollar ahead of its time by corrupt banks."

He added that "the currency auction and oil licensing rounds contain great suspicions of corruption and annually cost the state $ 15 billion, and the government must cancel it."

Al-Aqabi explained that "the current trend is towards forming a political bloc that mobilizes in order to restore the unfair decision against the Iraqi economy to raise the price of the dollar and return it to its previous era."

Can the law change it?

For his part, the head of the Jurists Union in Diyala, Hussein al-Taie, said in a clarification monitored by “Yis Iraq”: “Determining the value of the exchange rate for the dollar against the dinar is one of the exclusive powers of the Iraqi Central Bank, as it is responsible for the monetary policy in the country and the law according to its various contents allows it to be organized and defined. The exchange rate for economic requirements, whether his decision is correct or wrong, as he is the one who bears responsibility and has the right to be questioned by Parliament as it is the highest legislative body in the country and has the right to monitor all state institutions, including financial ones.

Al-Taie added, "It is not possible to file a lawsuit against the Central Bank to return the exchange rate of the dollar to what it was, because determining the price is an exclusive right of the bank, such as the exercise of a ministry or a specialized sector body concerned with its powers, that is, the matter is related to the exclusive powers and it is the right of the central bank."

He pointed out that “the Iraqi judiciary intervenes through the existence of a case, and the latter must have a legal basis if it does not exist and is missing basically how will the judge rule,” noting that “even if it is lifted, the response of the Central Bank or its representative will have exercised its exclusive powers according to the law He did not violate its provisions.

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