Raising the value of the dinar .. Will Iraq back down from the decision to reduce the value of its local currency?
- Author
- Tish Washington
- Published
- Sat 19 Feb 2022
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/Raising-the-value-of-the-dinar----Will-Iraq-back-down-from-the-decision-to-reduce-the-value-of-its-local-currency-e1ekmtu
Raising the value of the dinar .. Will Iraq back down from the decision to reduce the value of its local currency?
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Raising the value of the dinar .. Will Iraq back down from the decision to reduce the value of its local currency?
A slight decrease in the exchange rates of the US dollar against the Iraqi dinar in the local markets, on Friday, one day after the Iraqi parliament announced its intention to hold a meeting with Minister of Finance Ali Allawi and Central Bank Governor Mustafa Ghaleb Makheef to discuss the exchange rate of the dollar.
The Iraqi parliament decided to summon the officials based on "the direction of the leader of the Sadrist movement, Muqtada al-Sadr," according to a statement issued by the media office of the Deputy Speaker of Parliament, Hakim al-Zamili, who belongs to the Sadrist movement.
On Thursday, Al-Sadr presented six proposals regarding the dollar exchange rate, including summoning the Minister of Finance and the Governor of the Central Bank under the dome of Parliament, organizing the Iraqi currency market centrally and enacting "some laws that increase the value of the Iraqi dinar exchange rate."
