Iraqi Parliamentary Finance Committee to Discuss Soaring Dollar Exchange Rate with Prime Minister

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Iraqi Parliamentary Finance Committee to Discuss Soaring Dollar Exchange Rate with Prime Minister
Iraqi Parliamentary Finance Committee to Discuss Soaring Dollar Exchange Rate with Prime Minister

A member of Iraq’s Parliamentary Finance Committee has revealed that they will soon meet with Prime Minister Mohammad Shia al-Sudani to address the increasing exchange rate of the U.S. dollar. The discussion will focus on the reasons behind this crisis and the government’s plans to resolve it.

According to lawmaker Yehya al-Mohammadi, the Parliamentary Finance Committee recently held a meeting with Ali al-Allaq, the Governor of the Central Bank, to discuss the reasons for the significant increase in the dollar exchange rate compared to the Iraqi dinar in the market. The meeting also focused on the steps and choices made by the Central Bank to address the crisis.

According to him, the committee will hold a meeting with Prime Minister Mohammad al-Sudani to review the government’s actions and decisions taken to address the dollar crisis.

According to Al-Mohammadi, the committee is set to welcome representatives from the Ministry of Finance, the Tax Department, Customs, and security agencies to discuss their strategies in preventing the illegal export of foreign currency.

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