Baghdad Member of the Finance Committee, Ahmed Hama Rashid, confirmed that the Central Bank and the Ministry of Finance are responsible for the rise in the dollar exchange rate to 150 thousand dinars against 100 dollars, stressing that this rise will negatively affect the income of the citizen and the employee in general.
Rashid said in a statement to the National Iraqi News Agency / NINA /: “The government, the Central Bank and the Ministry of Finance are the ones who can address the rise of the dollar against the dinar and it is their responsibility and not the responsibility of the House of Representatives, indicating that the Finance Committee can recommend the Central Bank to pump more hard currency in the market to reduce its value in front of demand, but the central bank is not obligated to take this recommendation.”
Rashid stressed that “this rise will negatively affect the income of the citizen and the employee as a result of the rise in the prices of all imported goods, merchandise and foodstuffs in dollars, indicating that the Finance Committee is not specialized in this issue and is within the competence of the Ministry of Finance.”
The exchange rate of the dollar rose today, Sunday, at the beginning of the week, to 150 thousand dinars, which is a significant increase for the simple citizen.
Source: National Iraqi News Agency