Speaker of the House of Representatives Mohammed Halbousi confirmed on Sunday that the Council supports the Central Bank of Iraq in its steps to address the rise in the dollar exchange rate, while the governor of the Central Bank pointed out that the dollar problem is temporary.
Al-Halbousi’s office said in a statement received by Mawazine News / a copy of it, that “the latter received the Governor of the Central Bank Mustafa Ghaleb Shay, in the presence of the heads and vice presidents of the parliamentary finance and economic committees and listened to a detailed explanation of the measures taken by the Central Bank in regulating the economic sector related to the circulation of foreign currency, whether the sale of cash or the financing of foreign trade.”
The Governor of the Central Bank explained what steps the Central Bank has taken and what it will take to overcome this problem, stressing that it is “temporary and will be overcome once the foundations that have been built to address it are established.”
The Speaker of the House of Representatives stressed that “the Council supports the Central Bank of Iraq in its steps to address the rise in the dollar exchange rate, while stressing the need to develop regulatory solutions that address unorganized phenomena in economic activity in general.”
Halabousi called for “an understanding of the challenges facing the Monetary Authority and the need to assign its actions from the concerned authorities in the state.” Finished29/h