Parliamentary Finance Committee prepares to question the Governor of the Central Bank of Iraq after the Arbaeen visit

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Mustafa Al-Karaowitz, member of the Parliamentary Finance Committee, said that a request was sent to the Presidency of the House of Representatives to set a date for questioning the Governor of the Central Bank of Iraq on a number of files, most notably the dollar’s exchange rate to the Iraqi dinar.

“The parliamentary finance committee members did request the Speaker of the House of Representatives to question the Governor of the Central Bank, Ali Al-Alaq,” said Al-Karowitz.

“He added, “Interrogation refers to various files, the most important being the dollar exchange rate, its sales for travelers, the window for buying and selling of the currency, financial transfers overseas, cash financing, US sanctions, and negotiations with the US Federal Reserve.”.

He underscored, “We were earlier planning to invite the Governor of the Central Bank, but a request was sent in by some members of the House of Representatives to activate the oversight role to question government officials and to question the Governor in the House in accordance with legal procedures.”

“After the Arbaeen visit, there will be a movement to the Presidency of the House of Representatives to set a date to question the Governor of the Central Bank in Parliament,” added Al-Karawan.

In an interview with Reuters on August 8, Hadi Al-Salami, a member of the Parliamentary Integrity Committee, said his committee had been looking at the issue of removing Central Bank Governor Ali Al-Alaq from his post for almost a year.

Al-Salami explained to the Shafaq News Agency that the committee persistently communicated with the Prime Minister in an attempt to persuade him to implement this decision due to the numerous offenses committed against Al-Alaq.

Al-Alaq is still managing his post by proxy without taking the initiative to cancel his assignment, and he noticed that there is clear text within the government program the Prime Minister announced upon forming the government that the management of proxy posts must end after six months.

He pointed out that these many files and violations related to the Central Bank were referred to the Integrity Commission and Public Prosecution, including issues concerning the lack of market control over the exchange rate and millions of dollars along with the interest received by the Arab and foreign banks among which were the Jordanian banks.

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