Lawmakers seek review of Iraq’s exchange-rate decision
Parliamentarians called for an emergency session after the Finance Ministry adopted the new rate and suspended advance customs payments.
Iraqi lawmakers sought an emergency parliamentary discussion of the currency decision, warning that a higher official dollar price could feed into consumer costs. The Finance Ministry also suspended the advance-customs-payment mechanism that had been due to affect import financing.
The suspension removes one immediate cost burden for importers, while the political response highlights the sensitivity of the new rate for food, consumer goods and business input prices.
Original reporting: Shafaq News ↗