The parliamentary finance committee revealed on Wednesday a move by the central bank with the US Federal Reserve to increase Iraq’s dollars.
A statement by the committee, followed by Mawazine News, said that “external and internal factors are behind the crisis of dollar exchange rate fluctuations,” stressing that “the Governor of the Central Bank of Iraq is working hard to solve these problems in order to reach understandings with the US Federal Reserve to increase Iraq’s dollars, as well as confront speculators and brokers internally.”
The statement called on “citizens to support the actions and policies of the central bank because the crisis needs the sever efforts of everyone.”
He added, “The Finance Committee is in constant contact with the Central Bank of Iraq and other concerned authorities on the problem of fluctuation of dollar selling prices and supports all steps and measures that would restore the stability of the exchange rate,” pointing out that “providing several immediate and future proposals in this regard, with the aim of finding alternatives and effective solutions to this crisis and in a way that preserves the Iraqi dinar’s strength and also maintains the strength of our cash reserves of hard currency.” it’s over29
