The Central Bank Governor tells Parliament: The new exchange rate is fixed and can never be changed.
A parliamentary source reported on Thursday that the governor of the Central Bank informed members of the parliamentary finance committee that the exchange rate of the dollar would remain fixed at 1,500 dinars, stressing that it could not be changed.
The source told Shafaq News Agency that the Central Bank Governor explained to the committee members that any change in the dollar exchange rate within the general budget law would lead to a change in all the budget tables and items that were built on the basis of an exchange rate of 1,500 dinars per dollar.
He added that the Minister of Finance and the Governor of the Central Bank did not come to the House of Representatives building, while the Governor merely informed the members of the Finance Committee of the Central Bank’s position on the new exchange rate.
The parliamentary finance committee was scheduled to hold a meeting with the finance minister and the central bank governor to discuss the decision to change the dollar exchange rate and its repercussions, in addition to discussing the draft federal budget law, but the officials did not attend parliament.
The Speaker of Parliament decided to cancel today’s scheduled session, which was to include hosting Finance Minister Faleh Sari and Central Bank Governor Nizar Nasser Hussein to discuss the repercussions of the decision to raise the exchange rate of the dollar against the Iraqi dinar, and to settle for holding a meeting of the Finance Committee.
The Central Bank announced yesterday, Wednesday, the adoption of new exchange rates, according to which it set the price of buying the dollar from the Ministry of Finance at 1500 dinars, and selling it to banks at 1510 dinars, and to the public at 1520 dinars, starting from October 7, 2026.
Shafaq.com