Shafaq News/ A member of the Finance Committee in the Iraqi Parliament, Moeen Al-Kadhimi, on Sunday, held the US Federal Bank responsible for the fluctuation and rise in dollar prices in Iraqi markets.
Al-Kadhimi told Shafaq News Agency, “The US Federal Bank is obstructing the arrival of the necessary daily financial transfers scheduled for merchants and importers to provide basic needs and goods amounting to 150-200 million dollars per day, which prompts importers to buy dollars from black markets and the exchange rates rise clearly despite government plans and treatments.” By the Central Bank and the concerned authorities.
He stressed that “the Federal Bank is adopting pressure policies against the Central Bank of Iraq, which requires plans and positions to liberate itself from American financial restrictions, and deposit daily oil sales and revenues in the Central Bank, instead of the Federal Bank.”
Al-Kadhimi called for the adoption of foreign currencies for commercial purposes and remittances, instead of being limited to the restrictions of the dollar and the American policies behind which there are political reasons, in addition to securing the needs of travelers for the dollar and not having to buy the dollar from black or parallel markets. He added, “Despite the fluctuation and rise in dollar prices, “The Iraqi markets are relatively stable compared to the conditions of the dollar.”
Despite the measures announced by the government and the Central Bank to control dollar prices, prices are witnessing a continuous rise and fluctuation that has confused local markets and commercial transactions of various kinds.
