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Showing results for tags 'former central bank governor sinan al-shabibi'.
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Sunday 19 November 2017 01:52 PM| Number of readings: 145 Expert: The parties have placed a "politicized governor" of the central bank to intervene in his policies BAGHDAD / The economic expert Salam Samisem said on Sunday that the political parties put a political governor of the Central Bank to ensure the benefit of the bank and to intervene in its policies, while pointing out that the central bank must be completely independent and build its economic policy on the basis of science and before Owners exclusively. "The political parties have put a conservative governor of the Central Bank to take care to take advantage of the bank and intervene in its policies," she said. "The former central bank governor Sinan al-Shabibi was removed from his post because he was rejecting and preventing the interference of political parties. The policies of the bank as it was independent without political affiliation. " The economic expert said that "the political blocs benefit from their interventions in the Central Bank, such as benefit from the sale of foreign currency and other things," stressing that "the Central Bank must be fully independent and to build its economic policy on the basis of scientific and by specialists exclusively without interference Political. " Earlier, Samisem confirmed that the central bank's foreign currency reserves had declined by one third due to several factors. She pointed out that many economists had warned against the danger of dependence on cash out of the monetary reserve, which represents the most important guarantee of financial stability and support the currency. Of the country. On February 20, 2017, the central bank governor Ali Al-Alak mentioned that Iraq had surpassed the biggest financial challenges it faced last year, adding that it also managed to maintain an acceptable level of cash reserves. Finished 2