Parliamentary Finance resolves the controversy: There is no request to reduce the exchange rate


Baghdad / Al-Mawred News

The Parliamentary Finance Committee confirmed, today, Wednesday, that there is no representative request for the Central Bank to reduce the exchange rate, while it indicated that Article 11 of the Kurdistan region is still delaying the conclusion of the budget law.

Committee member Muhammad al-Shabaki said, in an interview carried by the Iraqi News Agency, “Article 11 related to the oil agreement, the region’s dues and settling accounts from 2004 to 2020 is still the obstacle to which negotiations between the parties to resolve the Maronite law have stalled because of it.

He added, “The political blocs intervened to give a week for deliberation between leaders in the region to come out with a clear position on Article 11 and the region’s commitment to pay dues to the federal government and the latter’s commitment to the region’s dues.”

He noted that ”

He pointed out that “there is no request to the House of Representatives and to address the Central Bank to reduce the exchange rate, but there are several parliamentary claims to reduce it.”


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