Al-Atwani: Exchange rate stability represents a pivotal issue for the state

Baghdad-INA 
The head of the Finance Committee in the House of Representatives, Atwan Al-Atwani, confirmed today, Sunday, that stability of the exchange rate is a pivotal issue for the state, while pointing out that the housing initiative has achieved positive results.
 
The media office of the head of the Finance Committee in the House of Representatives stated in a statement received by the Iraqi News Agency (INA), that "Al-Atwani chaired the committee meeting that hosted the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, to discuss the file of monetary policy in the country."
 
 "The meeting reviewed a number of issues, the most important of which is the issue of the electronic platform and the procedures related to it in order to facilitate work and economic stability, in addition to the issue of banks and the mechanism for developing the money transfer process."
 
 "The meeting witnessed important interventions by committee members on banks' initiatives to provide real estate and housing loans, and ways to facilitate procedures and ease conditions for citizens in the process of applying for residential units in complexes."
 
Al-Atwani stressed that "stability of the exchange rate is a pivotal issue for the state."
The head of the Finance Committee noted that "there is a duality in the issue of imposing US sanctions between Iraqi banks and correspondent banks, which requires the Central Bank of Iraq to move effectively and address this crisis, in addition to tightening control over the work of private banks, in a way that ensures the integrity of all their procedures and work."  
 He continued that "the stability of the monetary market has a direct impact on the general financial situation," adding that "the labor market is unstable in terms of selling currency, which casts a shadow on the general monetary situation."