The Iraqi parliament is scheduled to hold a session next Monday to discuss the rise in the exchange rate of the US dollar against the local currency.
According to the agenda published by the Presidency of the Council, the session will include the swearing-in of some deputies, men and women, as well as the formation of the permanent parliamentary committees.
The Council devoted the last paragraph of the agenda to discussing the rise in the exchange rates of the dollar, in the presence of Finance Minister Ali Abdul-Amir Allawi.
And the Presidency of the Iraqi Council of Representatives decided last Tuesday to set the end of this February as a date to host the Iraqi Minister of Finance, Ali Abdul Amir Allawi, at his request and the request of 100 parliamentarians against the backdrop of his boycott of a meeting held by Parliament in which the repercussions of the high exchange rates of the dollar against the local currency were discussed.
The Iraqi Council of Representatives held a meeting on Saturday (February 19) attended by the Governor of the Central Bank, Mustafa Ghaleb Mikhaif, and the Minister of Finance, Ali Abdul Amir Allawi, boycotted it to discuss the repercussions of the rise in the exchange rate of the dollar against the dinar.
After the meeting, the Iraqi parliament formally requested the Public Prosecution to prevent the current Minister of Finance, Ali Abdul Amir Allawi, from traveling, after the latter refused to attend the hosting.
It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.
As a result, according to specialists, the annual inflation in Iraq rose significantly, so that the prices of all materials and commodities in the Iraqi market rose significantly, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.