Member of the Parliamentary Finance Committee Mustafa Sand said on Monday that the exchange rate of the dollar with the Iraqi dinar was uncontrollable for the government and the Central Bank.
Sand said, “The government did not succeed in controlling the dollar exchange rate due of policies of the US Federal Reserve, noting that the Iraqi side’s conversations with the American side did not achieve any positive results except from a protocol meeting with Biden that did not exceed 20 minutes only.” Sand was alluding to Federal Reserve of the United States.
“There is American guardianship to bring in the Jordan National Bank and its acquisition of hard currencies,” he stated.
