Fayad: the central bank should not be based on political considerations

MP for the coalition of state law, Ali Fayad, the need not to be the work of the Central Bank of Iraq based on political considerations, according to the convictions of the decision-maker.

He said Friday that “the central bank important vital institution and it must play a clear role in support of state and government and not be getting political like based on what he believes the decision-maker.”

He Fayad he “assumes the brothers working in the Central Bank to be careful to state funds public”, adding that “companies that deal Bachirfah and foreign remittances have been limited and is working toward a narrow and there were demands to give companies wider area in dealing with the outside.”

He stressed that “fiscal policy should be subject to export and investment considerations and we are looking for a central bank interest in line with the ability of Iraq.”

The Cabinet had last Tuesday passed a resolution exempting the Iraqi Central Bank Governor Sinan al-Shabibi from office and to instruct the Director of the Office of Financial Supervision Abdul Basit Turki running the bank until further notice