Today, Wednesday, Iraqi media reported that demonstrations took place in front of the Central Bank in the capital, Baghdad, to protest against the high exchange rate of the dollar.
The media described the demonstrations as “massive”, noting that they took place amid tight security measures.
Requests for urgent intervention
It also reported that hundreds of people from central and southern provinces had arrived in the Iraqi capital to take part in the protests.
While the protesters demanded government agencies to intervene urgently to limit this rise.
The Iraqi Prime Minister, Muhammad Shia’ al-Sudani, had sparked controversy by reassigning Ali Mohsen Al-Alaq to the position of governor of the Central Bank, more than two years after he was dismissed from the same position, due to the “financial failures” that occurred during his reign in the previous period.
time cap
Al-Alaq had held the position for about six years, between 2014 and 2020. After his appointment, Al-Alaq pledged to “a time limit to return the exchange rate to its normal position.”
Al-Sudani’s decision to reassign Al-Alaq came in anticipation of demonstrations called for by Iraqi activists, in front of the Central Bank of Iraq, to denounce the crisis of the decline in the value of the dinar against the dollar, which reached its climax at 1,660 dinars to the dollar, a figure not previously recorded in Iraq for nearly 19 years.
