On Thursday, MP Hadi Al-Salami confirmed the lack of transparency standards in the Central Bank auction and pointed out that the bank is concealing the details of its daily bulletin of complex currency sales.
During an interview with [publication name], Al-Salami revealed that the size of dollar amounts sold to companies and banks during auction operations is not disclosed through a daily bulletin.
The speaker expressed their concern regarding the Central Bank’s performance, stating that there seems to be confusion and a lack of control over the dollar exchange rate. They highlighted that the objectives of the Central Bank Law are to promote economic and sustainable development and support various segments of society, which they believe have not been achieved yet.
He noted the absence of transparency standards at the Central Bank in relation to the daily sales volume of the dollar.
Al-Salami noted that there is a lack of transparency regarding the volume of dollar sales to banks and companies.
Ahmed Brehi, a member of the Board of Directors of the Central Bank, refuted claims that the bank is experiencing any issues with its foreign currency balance or revenues. He stated that the supposed shortage of cash liquidity is a fabricated issue resulting from a lack of understanding about central banking.
