Mustafa Sand, a member of the Parliamentary Finance Committee, stated on Monday that the government and the Central Bank were unable to control the dollar’s exchange rate with the Iraqi dinar.
Sand stated, “The government did not succeed in controlling the dollar exchange rate due to the policies of the US Federal Reserve, noting that the Iraqi side’s discussions with the American side did not achieve any positive results except for a protocol meeting with Biden that did not exceed 20 minutes only.” Sand was referring to the United States Federal Reserve.
“There is American guardianship to bring in the Jordan National Bank and its acquisition of hard currency,” he said.
