{"id":2215,"date":"2022-12-27T14:06:34","date_gmt":"2022-12-27T14:06:34","guid":{"rendered":"https:\/\/africaparrot.com\/?p=2215"},"modified":"2022-12-27T14:06:34","modified_gmt":"2022-12-27T14:06:34","slug":"iraq-premier-summon-central-bank-governor-amid-worries-sparked-by-currency-drop-against-dollar","status":"publish","type":"post","link":"https:\/\/africaparrot.com\/index.php\/2022\/12\/27\/iraq-premier-summon-central-bank-governor-amid-worries-sparked-by-currency-drop-against-dollar\/","title":{"rendered":"Iraq premier summon central bank governor amid worries sparked by currency drop against dollar"},"content":{"rendered":"

Iraq\u2019s premier summoned the central bank governor Tuesday amid worries sparked by a currency drop against the dollar, with lawmakers calling for an extraordinary session of parliament.<\/p>

\"\"<\/a><\/div>\n

One US dollar traded at 1,580 Iraqi dinars on the street Tuesday, against the central bank rate of 1,470 dinars, state news agency INA reported.<\/p>\n

The drop, which began about two weeks ago, has sparked alarm in the media in the oil-rich country, and on Tuesday Prime Minister Mohammed Shia al-Sudani met the central bank governor to discuss the issue.<\/p>\n

The central bank has blamed the slump on \u201ctemporary pressures\u201d sparked by the \u201cadoption of new mechanisms to protect the banking sector, customers, and the financial system.\u201d<\/p>\n

Iraq\u2019s Association of Private Banks said the rate had risen as a result of changes to the \u201cmechanism\u201d of foreign currency sales due to international requirements.<\/p>\n

The government has sought to ease tensions, including by ensuring a flow of dollars at the official rate.<\/p>\n

Prime ministerial adviser Muzhar Saleh told INA on Sunday said there were \u201cno fears\u201d about Iraq\u2019s ability to maintain the exchange rate, noting foreign reserves were at \u201ca high in Iraq\u2019s financial history,\u201d likely exceeding $100 billion.<\/p>\n

Economist Safwan Qusai said confidence in the dinar had been \u201cshaken\u201d by corruption scandals, with problems sparked by US Treasury restrictions imposed on \u201cfinancial transfers to certain countries.\u201d<\/p>\n

Graft, mismanagement and nepotism are rife in Iraq where they have caused widespread public anger.<\/p>\n

Iraq ranks near the bottom of Transparency International\u2019s corruption perceptions index, at 157 out of 180 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

Iraq\u2019s premier summoned the central bank governor Tuesday amid worries sparked by a currency drop against the dollar, with lawmakers calling for an extraordinary session of parliament. One US dollar traded at 1,580 Iraqi dinars on the street Tuesday, against the central bank rate of 1,470 dinars, state news agency INA reported. The drop, which […]<\/p>\n","protected":false},"author":3,"featured_media":2216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nIraq premier summon central bank governor amid worries sparked by currency drop against dollar - Africa Parrot<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/africaparrot.com\/index.php\/2022\/12\/27\/iraq-premier-summon-central-bank-governor-amid-worries-sparked-by-currency-drop-against-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iraq premier summon central bank governor amid worries sparked by currency drop against dollar - Africa Parrot\" \/>\n<meta property=\"og:description\" content=\"Iraq\u2019s premier summoned the central bank governor Tuesday amid worries sparked by a currency drop against the dollar, with lawmakers calling for an extraordinary session of parliament. One US dollar traded at 1,580 Iraqi dinars on the street Tuesday, against the central bank rate of 1,470 dinars, state news agency INA reported. 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