Parliamentary Finance Committee prepares to question the Governor of the Central Bank of Iraq after the Arbaeen visit

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Parliamentary Finance Committee prepares to question the Governor of the Central Bank of Iraq after the Arbaeen visit

Mustafa Al-Karaawi, a member of the Parliamentary Finance Committee, said on Monday that a request was made to the Presidency of the Council of Representatives to set a date to question the Governor of the Central Bank of Iraq about several files, most notably the dollar to Iraqi rial exchange rate.

“Members of the Parliamentary Finance Committee had previously submitted a request to the Speaker of the House of Representatives to question the Governor of the Central Bank, Ali Al-Alaq,” Al-Karawi explained.

“The interrogation relates to several files, the most important of which are the dollar exchange rate, its sale to travelers, the currency buying and selling window, financial transfers abroad, cash financing, US sanctions, and negotiations with the US Federal Reserve,” he continued.

He emphasized, “We were previously seeking to host the Governor of the Central Bank, but a request was submitted by some members of the House of Representatives to activate the oversight role to question government officials and to question the Governor in the House according to legal procedures.”

“There will be a move to the Presidency of the House of Representatives to set a date to question the Governor of the Central Bank in Parliament after the Arbaeen visit,” Al-Karawi stated.

Hadi Al-Salami, a member of the Parliamentary Integrity Committee, disclosed on August 8 that his committee had been investigating the matter of removing Central Bank Governor Ali Al-Alaq from his position for more than a year.

Shafaq News Agency was informed by Al-Salami that the committee repeatedly contacted the Prime Minister to persuade him to end Al-Alaq’s assignment due to the numerous violations against him.

He added that Al-Alaq is still managing the position by proxy without taking any action to cancel his assignment, noting that the government program that the Prime Minister announced when forming the government included the requirement to end the management of positions by proxy after six months.

Al-Salami noted that numerous Central Bank-related files and violations have been referred to the Integrity Commission and Public Prosecution, indicating that these violations include issues related to the absence of market control over the exchange rate as well as millions of dollars and interest received by Arab and foreign banks, including Jordanian banks.