The Parliamentary Finance Committee calls for controlling the dollar exchange rate

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The Parliamentary Finance Committee calls for controlling the dollar exchange rate
The Parliamentary Finance Committee calls for controlling the dollar exchange rate

On Sunday, the Parliamentary Finance Committee called for controlling the exchange rate of the US dollar. They also emphasized the importance of monitoring economic measures and automating taxes, as they are the foundation of the economy.

The House of Representatives’ Media Department released a statement today, saying that a meeting was held on Sunday, 15th October 2023, under the chairmanship of Atwan Al-Atwani, with the presence of members of the Central Bank and Banking Committee Subcommittee. The agenda of the meeting was to discuss the report prepared by the Subcommittee on the procedures of the Central Bank and private banks, as well as policies regarding cash in the country.

During a meeting at the committee’s headquarters, Atwan Al-Atwani emphasized the importance of monitoring all economic affairs and implementing tax automation, as they are crucial for the economy. The committee needs to conduct a practical and realistic study to carry out its supervisory role, ensuring financial and banking stability, and developing mechanisms for handling monetary policy.

During the meeting, she talked about how the committee discussed the reasons behind the rise in the exchange rates of the dollar against the dinar. The committee also emphasized the importance of controlling the labor market and putting it on the right track. They stressed the need to activate the private sector and encouraged investors and merchants to share their relevant opinions and proposals.

The Finance Committee has heard a report from a subcommittee that evaluated the management of the Central Bank and private banks in financial trading. The report also addressed issues related to controlling exchange rates, granting loans, and the housing initiative. The subcommittee also developed confrontation packages to tackle challenges facing monetary policy.

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