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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Iraq PM summons central banker as currency slides

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Iraq’s premier summoned the central bank governor on Tuesday amid worries sparked by a currency drop against the dollar, with lawmakers calling for an extraordinary session of parliament.


One US dollar traded at 1,580 Iraqi dinars on the street on Tuesday, against the central bank rate of 1,470 dinars, state news agency INA reported.


The drop, which began about two weeks ago, has sparked alarm in the media in the oil-rich country, and on Tuesday Prime Minister Mohammed Shia Al Sudani met the central bank governor to discuss the issue.


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