Conflict intensifies booty to acquire CBI

Conflict intensifies booty to acquire CBI

Posted 08/09/2014 08:50 AM

Conflict intensifies booty to acquire CBIIntensifies in Baghdad these days, a conflict spoils of expression, which analysts say more accurate characterization of conflicts in the formation of the government, and all eyes in particular to the fate of the Iraqi Central Bank, which is the key to the crucial oversaw the country’s wealth.

In the midst of the struggle for the formation of the Iraqi government and the distribution of positions, Prime Minister outgoing Nuri al-Maliki in a pre-emptive strike last week to retain his influence on the state treasury.

Maliki has issued a decree appointing one of his followers in the position of governor of the Iraqi Central Bank, despite the fact that legal experts contend that the decision outside its powers due to the expiry of its mandate and the fact that his position is limited to the conduct of business until a new government is formed. And the voice of the Council of Ministers, last week voted unanimously to give the Secretary-General of the Council of Ministers on the Keywords belonging to the Dawa Party, the position of Governor of the Central Bank.

On Thursday, the judiciary issued a 7-year prison sentence against the former central bank governor Sinan al-Shabibi, who was sacked by Maliki the end of 2012, which observers agree that the dismissal came because of its resistance to al-Maliki’s attempts to control the central bank reserves.

Analysts believe that the appointment coincided Alak, who contend that it does not have any qualifications for this office delicate, with sentencing on Shabibi, aims to mixing Alawroaq and close the files of corruption in absentia many channeled to al-Shabibi.

Adds analysts that the conviction Shabibi an extra step to confirm the survival of relationships in the office and continuing influence of al-Maliki on the state treasury Alaracah.oicol observers that dominate the Central Bank of Iraq is the cornerstone of Iranian influence in Iraq, because of the isolation of the financial system Iranian global financial system because of Western sanctions, Although financial institutions, especially the Iraqi Central Bank is the largest window for Tehran to deal with the global financial system.

And sees economic analyst Fadel Abbas Mehdi that “the imposition of the appointment of a member of the Dawa Party on the Keywords central bank governor represents a continuation of the policy of subjecting Maliki independent bodies to influence by appointing his followers in positions do not deserve it professionally.”

The Cabinet has referred the beginning of this month, the central bank governor Abdel Basset Turki to retire as a prelude to assign tasks Keywords central bank governor.

Although the decision stated that the appointment “agency” but analysts fear that al-Maliki sought to keep him in office in the context of political bargaining, especially after the conviction Shabibi by the judiciary, which observers agree that, under the tutelage of al-Maliki.

Some fear that the appointment is intended to influence the financial decisions of the Central Bank, which will be held daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, and sales will be either in cash or in the form of money orders sold abroad in return for a certain commission.

Mehdi adds that the decision comes at the end of the mandate of the caretaker government headed by al-Maliki, which raises a lot of questions about the meaning behind this time?

Observers say that the influence of al-Maliki absolute on the central bank began in October 2012 and since then managed to control the cash reserve, which saw many violations outside the terms of the country’s public budgets. The Maliki government then launched a media campaign lacked professionalism and credibility to the leadership of the central bank, sparked outrage and ridicule and financial experts, bankers and professional circles and Iraqi cultural.

The outcome of the campaign for the dismissal of Shabibi and the appointment of the President of the BSA at the time the acting governor Abdel Basset Turki, in what was considered a breach of the most important principles of statutory audit.

Experts scoffed then collect it from the task of “judge and jury” of any presidency between the executive power in the presidency of the Central Bank and the Audit Court, which is supposed to be monitored and verified its decisions. The expert says that the Mahdi contradiction shows that in light of the central bank to deposit a large sum in the Mosul branch of at least 400 million dollars seized by the Islamic state.

Mahdi did not hesitate to ask for “Do the Turkish knows what will happen, and it was deposited huge amount of money there to facilitate the financing of criminals Daash? Or was little understanding basic tasks of the central bank to stabilize the dinar and the reduction of inflation “?

He adds that “the activities of Nineveh economic, without doubt, were not in need of a huge amount of money in the coffers branch of the Central Bank of Mosul, which it captured Daash, and Turkish mixed at best between the functions of commercial banks and the functions of the central bank, and at worst, some can predict things may be much worse! ”

Observers agree with the statements that Shabibi was overthrown because not subject to the will of al-Maliki in the disposition of central bank reserves, and that al-Maliki managed since October 2012 control of the bank.

Mahdi says that the victims of the domination of al-Maliki on the Central Bank and appointed officials lacked professionalism and prudence, “directed by better economic efficiencies and professional Iraqi not to mention the employees and staff knew mostly professionalism and seriousness in their work, which will loose the central bank a lot of his reputation without MPR.”

The appointment of Keywords in the position of governor of the Iraqi Central Bank until further notice, in the context of the surrounding panting officials and followers of the owners, especially in the Prime Minister’s Office on the acquisition of government positions before the formation of the new government.

Has already been assigned a lot of followers of al-Maliki on top of a lot of government institutions and bodies that are supposed to be independent. Observers fear of installing those people in office until after the formation of the new government deals under the quota system and the distribution of the spoils. He says that the Mahdi al-Maliki’s relationship to the position of Governor of the Central Bank represents a continuation of the policy of inflicting Central Bank executive power, a breach of the principle of autonomy in the formulation of monetary policy stipulated in the Central Bank Law.

He adds that the appointment of Keywords confirmation “of the policy of al-Maliki in the subject of independent bodies to his influence over the appointment of his disciples in positions they do not deserve professionally in what is known as a policy set Cronies.”

And confirms that this policy “will not benefit the Iraqi economy ailing, but will cause severe damage to the future if not handled Prime Minister-designate Haider Abadi this by re-activating the professional considerations in the appointments of basic anticipated in light of his government.”

The data indicate documented that Ali Mohsen Ismail Keywords holds a primary in accounting and business administration from the University of Mustansiriya in Baghdad.

And show that the basic background accountant, and therefore it is not scientifically qualified in Monetary Economics (Economics Monetra) a minimum qualification required for the management of the Central Bank and the monetary policy of the country.

As for qualifications process refers to that he worked in the accounting field in Kuwait for a short time then moved to Montreal, Canada, where he founded the store to sell games, and this practice has nothing to do with the economics of money and monetary policy.

After returning to Iraq after the American occupation in 2003, appointed Mr. Alak inspectors of the Ministry of Oil, where he worked for nearly two years and this practical experience related to auditing, accounting, and not monetary policy.

And when he took over as prime minister Nuri al-Maliki has been appointed as general manager relationship in the Council of Ministers, the executive function unrelated to the management of monetary policy.

Observers say that the relationship was driving attempts to intervene to subdue the central bank to influence Prime Minister’s Office, which was rejected by Dr. Shabibi contradiction with the principle of the independence of the central bank.