Parliamentary Finance Committee calls for control of the dollar exchange rate

The Parliamentary Finance Committee on Sunday called for controlling the dollar exchange rate, stressing the importance of following up on measures related to economic affairs and automating taxes as the basis for money and the economy.The Information Department of the House of Representatives said in a statement that “the Finance Committee, headed by Atwan Al-Awani and in the presence of members of the subcommittee (Central Bank and Banks Committee) was held today, Sunday, 15/10/2023, to discuss the report prepared by the subcommittee on the procedures of the Central Bank and private banks as well as monetary policy in the country.”She added, “Atwan Al-Awani stressed during the meeting held at the committee’s headquarters the importance of following up all measures related to economic affairs and tax automation as the basis in finance and the economy, in addition to finding a practical and realistic study by the committee in implementation of the supervisory role, to maintain financial and banking stability, as well as the process of dealing with monetary policy.”She continued, “The committee discussed, at the same time, the reasons for the high exchange rates of the dollar against the dinar and the need to control the labor market and put it on the right track, as the committee stressed the importance of activating the private sector and inviting investors and traders to listen to the relevant opinions and proposals.”The Finance Committee, according to the statement, “listed to the report of the subcommittee on the policy of the Central Bank and private banks, an assessment of dealing management, the bank’s functions in financial trading, and the development of packages to face the challenges facing monetary policy, to control exchange rates, in addition to the topics of granting loans and the housing initiative.”

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