Legal Clarifications on Legislative Authority Limits in Modifying Exchange Rate Policies - الموازنة العامة الصلاحيات التشريعية السياسة النقدية سعر الصرف General Budget Legislative Authority
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Legal Clarifications on Legislative Authority Limits in Modifying Exchange Rate Policies

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Rafidain Scope Team
07 Oct 2026
1 min read
Home Eco Legal Clarifications on Legislative Authority Limits in Modifying Exchange Rate Policies

rafidainscope - Specialized legal opinions clarified that the legislative authority holds the right to discuss and amend the exchange rate included in the general budget draft, but it lacks the direct authority to cancel Central Bank decisions. Analyses indicated that

determining the exchange rate falls within the technical jurisdiction and independent monetary policy of the bank. Furthermore, delaying the budget's approval to pressure the monetary authority could create constitutional dilemmas, delay vital projects, and increase economic instability, calling for the

pursuit of legal and constitutional channels for objections or amendment requests.

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Rafidain Scope Team