Legal Expert Clarifies Parliamentary Jurisdiction Regarding Exchange Rate Decisions

mesoiraq - Legal expert Ali Al-Tamimi clarified that the Iraqi Parliament holds the constitutional authority to debate and amend exchange rate provisions within the federal budget bill, but lacks direct jurisdiction to annul executive decisions issued by the Central Bank. He highlighted that setting monetary policy remains an exclusive technical competency of the Central Bank under Articles 4 and 16 of Law No. 56 of 2004, supported by Federal Supreme Court rulings. He noted that delaying budget approval to alter monetary decisions could cause legal and economic disruptions impacting public projects and financial obligations.