Community Comment: “It’s the CBI that changes the rate not parliament. The CBI can do it anytime.” Constitution Article 110 – The federal government shall have exclusive authorities in the following matters: …Formulating fiscal and customs policy; issuing currency; regulating commercial policy across regional and governorate boundaries in Iraq; drawing up the national budget of the State; formulating monetary policy; and establishing and administering a central bank.” So although the CBI actually change the rate, they do it at the PM’s & COM’s discretion. Case in point, when Sudani became PM he fired Mustafa Galeh and installed Alaq.
