Mayahi calls to dismiss influential officials in Iraqi Central Bank

Baghdad (IraqiNews.com) MP Aziz Sharif al-Mayahi of the Parliamentary Economic and Investment Committee demanded the Iraqi Central Bank to take real actions to confront the unreasonable rise in the exchange rate of the Iraqi dinar against the US dollar, calling to replace and dismiss some influential figures in the Bank who manipulate in the exchange rate. Mayahi said “The Iraqi Central Bank is not serious in coping with this problem because it adopts routine and useless measures in this regard.” The Head of the ICB Sinan Shibibi attributed the rise in the US dollar’s value in front of the Iraqi dinar to the weakness of the local production and lack of Iraq’s exports (except oil) in addition to weakness of the government’s proceedings to attract foreign capitals and the unstable political situations internally and regionally.