Despite previous plans and reforms that were created and implemented, Mustafa Al-Karaawi, a member of the Parliamentary Finance Committee, stated today, Tuesday, that the administration of Prime Minister Muhammad Shiaa Al-Sudani has failed miserably to regulate the dollar exchange rate.
In an exclusive interview with, Al-Karaawi affirmed that the government had failed to impose its control over the dollar, saying that “prior measures and meetings that took place between the government, the governor of the Central Bank, and the owners of government banks regarding controlling the price of the dollar and not trading it internally were of no benefit.” the dollar’s consistency in relation to the Iraqi dinar.
“Al-Sudani should adopt effective solutions like those issued by the Central Bank to control the dollar at border crossings and customs taxes,” the Prime Minister said, adding that “he met yesterday with the concerned authorities to discuss the non-implementation of reform packages related to the price of the dollar.”
The Finance Committee member emphasized that “Iraq seeks to address that issue and put pressure on the US Federal Bank to provide amounts in dollars and at a specific time.” The member also pointed out that there are American political influences that put pressure on Iraq to put pressure on it economically, regarding its support for the Palestinian cause and advocacy for the people of Gaza against the Zionist occupation.
He went on, “We reject all Zionist crimes committed by the occupation against the Palestinians, and this is an irrevocable decision. Iraq’s position on the Palestinian issue is firm and will not change.”
