PARLIAMENTARY FINANCE: CHANGING THE GOVERNOR OF THE CENTRAL BANK IS AN “URGENT NECESSITY”
The Parliamentary Finance Committee confirmed today, Saturday, that changing the current governor of the Central Bank, Ali Mohsen Al-Alaq, has become an urgent necessity due to his failure to manage the bank. It is expected that changing Al-Alaq will be discussed during the visit of Prime Minister Muhammad Shia Al-Sudani to Washington due to the importance of this on the Iraqi economy.
Committee member Muhammad Nouri told Jarida, “Changing the current central bank governor has become an urgent necessity for the country’s economic situation, given his dealings with the dollar file and his failure to take any real reaction to the sanctions imposed on a large group of Iraqi banks, which affected prices.” The dollar inside Iraq.”
Nouri revealed, “There is information indicating that the Central Bank is involved in smuggling delusional information to the US Treasury and the US Federal Bank to stop some banks affiliated with entities or people who are not subject to the dictates of the current governor, as well as its mismanagement, which brought the Central Bank to the current situation and inflation, in addition to the issue of currency printing.” which is one of the many files that proved Al-Alaq’s failure in managing the Central Bank of Iraq.”
The representative continued, “There are also dark sides within the Central Bank, including corruption in the Investment Directorate and the economic systems that were opened in the bank and the current governor could not manage them. Therefore, it is expected that one of the topics of the meeting during the Prime Minister’s visit to Washington will be changing the governor of the Central Bank due to the importance of this issue of the Iraqi economy.
(Just remember whenever everything does not progress perfectly, they go after the CBI director and want to change him out. Why would the US have to get involved even in this effort, if Iraq claims to be a sovereign nation? Why can’t they research and designate someone who is qualified themselves? Oh…could it be Ali-Alaq is putting in reforms they don’t like?….. 😊 )
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