Baghdad The Parliamentary Finance Committee, headed by Haitham Al-Jubouri, the head of the committee, and the presence of its members and a number of members of other parliamentary committees, hosted today, Tuesday, the Governor of the Central Bank, Mustafa Ghaleb Mokhaif, and the Deputy Governor, Ammar Hamad Khalaf.
The head of the committee said in a statement that the National Iraqi News Agency / NINA / received a copy of it that the periodic meeting that took place at the headquarters of the Finance Committee discussed the steps that the Central Bank promised to implement to reduce the repercussions of changing the exchange rate and its effects, and the issue of selling the currency and confronting the process of its depletion and ways to preserve them and invest them properly.
The Finance Committee discussed the projects, plans and loans that the Bank promised to implement after changing the currency exchange rate. The Committee stressed the need to abide by those promises and the speed of their implementation, particularly those that contribute to the employment of unemployed youth, support the housing, industry and agricultural sectors, support the local product, and ease restrictions and routine procedures on them.
The committee also discussed the issue of electronic linking among the ministries of Commerce and Finance, Customs and Taxes with the Central Bank, as well as the automation of procedures at border crossings, stressing the need for the government to fulfill its duty towards this as indicated by the Finance Committee and the House of Representatives through the Budget Law for 2021.
The Finance Committee called on the Central Bank to take the strongest and strict measures against banks that violate regulations, stressing its support for the bank in this regard, as the current period requires concerted efforts among all authorities.
The committee also directed to host the Minister of Finance to discuss what was proposed in the hosting and to discuss a number of issues that concern the economic reality of the country.
For his part, the Governor of the Central Bank provided a clarification on what the bank has taken and the steps it seeks to take to reduce the negative effects of changing the exchange rate, revealing at the same time the launch of an initiative worth 5 trillion dinars in addition to contributing to moving the housing sector to complete the residential complexes that were suspended, as well as close issuance of bonds that enable citizens to invest their money.
Source: National Iraqi News Agency