Expert: The parties have placed a "politicized governor" of the central bank to intervene in his policies

[yota691]

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

 

[Jaygo]

Being Shabibi back!! 

[Palmtree1970]

if shabbibi does comeback its very encouraging news he is a man who wants good for Iraq........I want off this ride asap please let it be soon with lots of MOOLA

[Jaygo]

BRING Shabibi back.. sorry stupid fingers! 

[juliebug]

Wasn't it Shabibi who said that he would need three days to bring value to the IQD??? Hope my memory is correct...

[10 YEARS LATER]

12 minutes ago, juliebug said:

Wasn't it Shabibi who said that he would need three days to bring value to the IQD??? Hope my memory is correct...

 

3 Days . . . YEP, that's what the Man said ! 

[10 YEARS LATER]

2 hours ago, Jaygo said:

Being Shabibi back!! 

 

GREAT if Shabs did come back  . . . if not . . . JUST GET R DONE - DAMN IT ! 

[10 YEARS LATER]

1 hour ago, Palmtree1970 said:

if shabbibi does comeback its very encouraging news he is a man who wants good for Iraq........I want off this ride asap please let it be soon with lots of MOOLA

 

I'D SACRIFICE a Mega Bucket of KFC Chicken if I thought it would help to get Shabs back . . . HE Was the MAN in the Middle of this for such a long time.

[Floridian]

I doubt they would bring Shabibi back, or whether he would even want to come back.  He's 76 years old now.

[juliebug]

Who cares how old he is if all he needs is three days??? LOL 

[Laid Back]

The current governor is doing an outstanding job, he's working together with Shabibi's right hand man ( Saleh)

 

Saleh is Abadi's financial adviser.

 

Go CBI

Go new monetary policy 

Go RV

Go 2018

[NEPatriotsFan1]

I wonder when the next Iraqi 3 day window would be? I believe their Friday and Saturday's are always off... but I will try and look to see if they get a Sunday off here in the near future 

[NEPatriotsFan1]

Nothing he rest of this year... on a December 1st which is a Friday it is http://www.officeholidays.com/religious/muslim/muhammads_birthday.php 

 

then 25th which is a Monday it's Christmas. 

 

I guess they would would go with Muhammad's  Birthday over Christ's, just a hunch lol

[blueskyline]

(I’ve been quietly wondering if there is a timeframe to head off China’s action with the Yuan . Would another Magical Holiday appear on Iraq’s calendar??? )

[Freedomwish]

43 minutes ago, Laid Back said:

The current governor is doing an outstanding job, he's working together with Shabibi's right hand man ( Saleh)

 

Saleh is Abadi's financial adviser.

 

Go CBI

Go new monetary policy 

Go RV

Go 2018

That's what I've long thought so, yup!

[jcfrag]

Holy Shite!!!  That’s the best news I’ve heard yet! He has the backing of Abadi, as well pissing Maliki off! Win win win!!!!   

Edited November 19, 2017 by jcfrag

[jake21]

Correct me if I'm wrong, but where does it say Shabibi is back?

[DinarThug]

Sunday 19 November 2017 01:52 PM

 

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 position because he was refusing 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 because of several factors. She pointed out that many economists had warned against the danger of dependence on the cash reserve, which is the most important guarantee for financial stability and support for 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

link

[Laid Back]

42 minutes ago, Freedomwish said:

That's what I've long thought so, yup!

 

Freedom 

19 minutes ago, jake21 said:

Correct me if I'm wrong, but where does it say Shabibi is back?

Shabibi's is not back.... Saleh is still in the CBI, he was Shabibi's right hand and now he's Abadi's financial adviser 

[DinarThug]

Comment By Don961 ...

 

 

 

Maliki got rid of DRS because he refused to go along and insisted on being independent ...

no doubt M and his minions have reaped huge wealth by having their man at the helm of the CBI ...

Many GOI members and others in leadership either own banks /money changers / import companies ...

or have an affiliation with them ...

so manipulating the currency auction became an art form to see who could pilfer the most .... 

 

Alak says they need the auctions to provide USDs to do commerce with other countries and businesses outside Iraq ..

to pay for imports  ...

during M's time , Iraq's agriculture , industry , and businesses were stifled .. why ? ....

because even though Iraqis desperately needed work and are perfectly capable of producing superior products for themselves ,

he preferred importing food ,building materials and other goods from Iran and others outside Iraq ...

often inferior goods were dumped on Iraq or even fake invoices were created that delivered nothing of value ...

fake or bogus companies were set up to bleed currency from the CBI .... 

was/is Alak complicit with all this ? ... don't know ..

but he was appointed by Maliki ...

we'll have to see how rapidly this all gets sorted out in Abadi's war on corruption ...

imo from many articles posted from the Iraqi press 

[Mxmann]

1 hour ago, jake21 said:

Correct me if I'm wrong, but where does it say Shabibi is back?

 

Cant you read?  Jaygo said it first!!!  And I agree, so lets be positive and just know hes coming back!!

Edited November 19, 2017 by Mxmann

[blueskyline]

If I were Shabibi or Saleh I would want the job of Reading Maliki’s Guilty Verdict And Sentencing at the Federal Court House 

[3n1]

So is this economic expert Salam Samisem simply just stating a fact about why shabs was run off and that al-alak (keywords) time is done and they are fixing to get a new cbi gov. > , if so sure hoping abadi appoints someone that has real financial credentials and wisdom now .. Iraq will never be better than those that lead it...  Don961 comments aren't half bad either .. heres hoping ,thanks yota 

[nannab]

Yes 3n1 Shabibi had to leave because he would not allow Malarki and others to

control the CBI. It would be great for him to come back but he is up there in age.

Who knows?

[NEPatriotsFan1]

My guess is that Shabbibi was and has remained well respected, and is most likely advising from behind the scenes with the current CBI governor.  That's at least what I've been hoping for some time.