Alforat News

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In the documents, the Central Bank proposes to transfer the currency auction to the Ministry of Finance

The Central Bank of Iraq renewed its proposal that the Finance Ministry take over the sale of the dollar to the market directly for exchange in Iraqi dinars to cover budget expenditures without the central bank’s mediation.

The Central Bank attributed its proposal in its letter to the three presidencies, {Euphrates News Agency} obtained a copy of it until it “devotes itself to carrying out its tasks, which are numerous and important for financial stability and economic stimulus, and in order to get the bank out of the confusion that this issue causes.”

It is said that suspicions of corruption are continuously raised on the auction sale of the currency of the Central Bank of Iraq, most recently its support for Arhab. Source