Iraqi media reported that demonstrations took place in front of the Central Bank in the capital, Baghdad, on Wednesday, to protest the rise in the exchange rate of the dollar, and the decline in the value of the dinar against the US currency, which reached its peak at 1,660 dinars, a figure not previously recorded in Iraq for nearly 19 years.
Reports indicated that the demonstrations were massive amid tight security measures.
Hundreds from the central and southern governorates 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 PM Mohammed Shia' Al Sudani had raised controversy after ordering the reassigning of 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.
Al-Alaq held the position for a period of 6 years, between 2014 and 2020, and after his appointment, Al-Alaq pledged a time limit to return the exchange rate to its normal state.
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حناجر المحتجون بسبب ارتفاع سعر صرف الدولار تهتف:
"يا مالكي يا زبالة.. يا قائد النشالة".#نزل_الدولار#البنك_المركزي#العراق pic.twitter.com/33W46ayitx
— منتظر حسين🇮🇶 (@17Montazer) January 25, 2023
The Iraqi News Agency, "INA", announced, earlier, that the prime minister had relieved the governor of the Central Bank of his post, and assigned Ali Mohsen Al-Alaq to run the bank.
A government source told the agency, "The prime minister decided to relieve the governor of the Central Bank, Mustafa Ghaleb Makhaif from his post, at his request."
The source explained that "the Prime Minister assigned Ali Mohsen Al-Alaq to run the central bank by proxy."
Al-Sudani also issued an order, referring the director of the Iraqi Trade Bank to retirement, and assigning Bilal Al-Hamdani to manage it in addition to his duties, according to the official news agency.
It is noteworthy that, earlier, the Iraqi Prime Minister chaired a meeting with the Federation of Chambers of Commerce, and it was devoted to discussing the reasons for fluctuations in the exchange rate of foreign currency in the Iraqi market and its impact on citizens, and to develop decisive solutions in this regard.
The "INA" reported, quoting the media office of the Prime Minister, that: "The meeting was attended by the governor of the Central Bank of Iraq, and the general managers of border crossings, tax, customs, and trade fairs."
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