MP: Al-Zidi’s government reneged on its promises regarding controlling the dollar exchange rate
MP Miqdad al-Khafaji, from the Rights Bloc in Parliament, announced on Saturday his intention to submit a formal request to the Speaker of Parliament to allocate a session to discuss the continuous rise in the dollar exchange rate on the parallel market and the accompanying increase in the prices of food and basic commodities.
Al-Khafaji told the Information Agency that “the government has not fulfilled its promises made when it adjusted the dollar exchange rate against the Iraqi dinar,” explaining that “it pledged at the time to crack down on currency speculators and control the parallel market to bring the price closer to the official rate.”
He added that “the dollar exchange rate in local markets has reached nearly 1,700 dinars, which raises questions about the effectiveness of the government measures taken to control the market and curb the rise in exchange rates.”
Al-Khafaji clarified that “the government is required to fulfill its previous commitments and take effective measures to control the parallel market and reduce speculation, which will contribute to stabilizing the exchange rate and protecting the purchasing power of citizens.”
These demands come amidst continued fluctuations in the dollar exchange rate on the parallel market, and the resulting impact on the prices of basic goods and commodities, which exacerbates the cost of living for citizens.
Almaalomah.me