June 30, 2021 | banking

Parliamentary Committee Reveals The Details Of Its Meeting With The Governor Of The CBI And Directors Of Government Banks

Baghdad / NINA / - The Parliamentary Strategic Planning and Government Program Follow-up Committee disclosed the details of its joint meeting with the Governor of the Central Bank and the directors of housing, real estate, Rafidain and Al-Rasheed banks.

Committee member MP Alia Nassif said, in a statement to the National Iraqi News Agency (NINA), that 'the joint meeting is related to the ministerial program submitted by the government and the evaluation of the implementation of its work for the past year, which obligated the Parliamentary Committee to summon all ministries and government sectors, including the Central Bank.'

She added that 'the meeting discussed the issue of the currency exchange rate and the failures of banks related to the activities of banks, as well as housing loans, the mechanism for their implementation and their obstacles,' noting that 'many questions were directed to the governor of the Central Bank about the feasibility of a high currency exchange rate in light of the financial abundance achieved by the rise in oil prices.'

She explained that 'the government's justifications for raising the exchange rate at the time were related to securing the salaries of employees, and today we have a clear financial abundance, so why continue to increase the exchange rate and not control speculation in the currency rate in the local market.'

Today, Tuesday, the committee to follow-up on the implementation of the government program and parliamentary strategic planning held a joint meeting with the governor of the Central Bank and directors of housing, real estate, Rafidain and Rashid banks, on evaluating the performance of banks and general financial and monetary policy./


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