Will the Supreme Reform Committee Usher in a New Iraqi Dinar Rate?

Published: Feb. 10, 2021, 7:59 a.m.

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The Iraqi government launches a new financial reform committee that includes the World Bank

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Mubasher: The Iraqi government announced during its weekly meeting, headed by Mustafa Al-Kazemi, today, Tuesday, the inauguration of a new financial reform committee.

In a statement issued today, Tuesday, the Iraqi government stated that it had been decided to form a committee under the name of the "Supreme Committee for Reform", led by the Prime Minister.

The Council of Ministers indicated that the Supreme Committee for Reform will include:

- Minister of Finance as Vice President
- Minister of Planning as Member
- Minister of Oil as Member
- Secretary General of the Council of Ministers as Member
- Central Bank Governor as Member
- Executive Director of the Supreme Committee for Reform as Member and Rapporteur
- Adviser to the Prime Minister for Strategic Affairs as Member
- Adviser to the Prime Minister for Economic Affairs Member
- Head of the Legal Department In the General Secretariat of the Council of Ministers as a member
- two experts named by the Prime Minister as members

The Council of Ministers indicated that each of the two main international organizations (the International Contact Group, the World Bank Group) would be represented as observers, without either of them having the right to vote.

The Council stated that the Supreme Committee for Reform undertakes the following tasks:

-Supervising the implementation of the reform program as a whole, and the projects it consists of, according to the plans and timelines approved by the Supreme Committee for Reform, including adding, deleting or amending new projects.

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