On Thursday, Member of Parliament Hadi Al-Salami confirmed the absence of transparency standards in the Central Bank auction, pointing out that the Central Bank hides the details of its daily bulletin of hard currency sales.
Al-Salami said in an interview with the Maalouma Agency, “There is no daily bulletin issued for the auction operations, and we do not know the size of the dollar amounts sold to companies and banks.”
He added, “There is clear confusion in the performance of the Central Bank and a lack of control over the dollar exchange rate,” indicating that “the objectives of the Central Bank Law are to achieve economic development, sustainable development, and support segments of society, and this has not been achieved so far.”
He pointed out that “transparency standards are absent at the Central Bank regarding the volume of daily sales of the dollar.”
Al-Salami pointed out that “there is secrecy and secrecy regarding the volume of dollar sales sold to banks and companies.”
A member of the Board of Directors of the Central Bank, Ahmed Brehi, denied that there was a problem with the Central Bank with its balance of foreign currency or revenues, pointing out that raising the issue of a shortage of cash liquidity is fabricated due to ignorance in central banking.
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