Maliki is not “convinced” the performance of the central bank governor
On: Saturday 04/14/2012 11:12
Baghdad / term
government confirmed yesterday that Prime Minister Nuri al-Maliki is “absolutely convinced” the performance of the Central Bank Governor Sinan Shabibi, as a result of continued high inflation in the country and the recent economic crisis. He accused the Central Bank of speculators in the currency market attempts to illicit enrichment through the exploitation of crises experienced by some neighboring countries and… the smuggling of foreign currency that are harmful to the value of Iraqi dinar, saying that the value of the last strong possession of an arsenal of the U.S. dollar.
A member of the Committee on Economic Affairs Minister Mohammed Al Shammari told Twilight News, said “al-Maliki is not convinced at all, including Shabibi provided by the central bank governor.” He “sees Maliki that Shabibi not coordinate with the fiscal policy pursued by the Iraqi government as a result continue to unjustified rise in inflation and the devaluation of the Iraqi dinar against the U.S. dollar.”
and “The House of Representatives is authorized to oversee the work of the Central Bank and keep the details of his work and his achievements stage past and discover how that Iraq lacks the financial policy. ”
The price of the dollar has seen in recent days made notable gains, as the price of the dollar to 132 thousand dinars for every $ 100, while the central bank set exchange rates to 117 thousand dinars per $ 100, an increase of amounted to 15 thousand Iraqi dinars.