The governor of the Central Bank of Iraq resigns, 7 AUGUST

 Rudaw Digital

The governor of the Central Bank of Iraq has submitted his resignation to the prime minister, a lawmaker said.

Central Bank Governor Ali Allaq has reached retirement age and has submitted his resignation to Prime Minister Mohammed Shia Sudani, Soran Omar, a member of the Iraqi parliament’s Economic Committee, told Rudaw on Tuesday.

On 01-08-2024, the State Council sent a letter to the Iraqi parliament expressing its views on the continuation of the governor of the Central Bank of Iraq in his post, after reaching retirement age.

According to the Iraqi Pension Law, the retirement age is 60 years.

According to Soran Omar, the state council was of the opinion that the governor of the central bank should retire.

There is also protest in the Iraqi parliament against the actions of the governor of the central bank.

Mohammed Nuri, a member of the Iraqi parliament’s finance committee, said the replacement of the governor of the central bank is necessary because of the country’s economic situation, including the way it deals with the dollar issue and failure to take necessary measures.
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