Baghdad, Nov. 6 — Member of the Iraqi Parliament’s Finance Committee, Nazem Al-Shibli, on Thursday strongly criticized the performance of the Central Bank Governor, saying his management of the country’s financial policy has raised “many questions” and enabled hard currency smuggling networks to operate freely.
Al-Shibli told Dinar Opinions that the current fiscal policy has failed to bring stability and instead “deepened the economic crisis that Iraq is suffering from.”
He added that the lack of effective oversight over Iraq’s financial operations has created openings for currency smuggling to foreign markets, a practice that has put downward pressure on the Iraqi dinar and hurt the local economy.
“The continuation of this situation threatens the country’s economic security and increases the suffering of citizens,” Al-Shibli warned, calling for urgent and decisive measures to curb the outflow of foreign reserves and restore market stability.
