Parliamentary proposal to end private banks’ exploitation

Friday, 10 May 2013 11:15

Shafaq News / An MP of the Finance Committee has submitted on Friday a proposal to his committee provides an agreement with the Central Bank and Ministry of Finance to distribute salaries for all state employees in dollar for one month to end the “exploitation” of private banks and banking companies to citizens.

“I proposed to the Finance Committee to distribute salaries of all employees in dollars instead of the Iraqi dinar and in official exchange rate, for one month to stop the exploitation of the Private Banks to citizens, and raise the value of the dollar against the Iraqi dinar,” A member of the Finance Committee, Ameen Hadi told “Shafaq News”.

Hadi explained that “the proposal will make the process reversed as the citizen will be the owner of hard currency therefore banks cannot exploit citizens again”.

The dollar rose against the Iraqi dinar with a difference from the official exchange rate announced by the Central Bank of Iraq up to 10 thousand dinars for each “100” dollar against the Iraqi dinar.


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