Political analyst: Large files on the central bank and the governor are not independent

Political analyst: Large files on the central bank and the governor are not independent

Posted, 01/29/2021 23:14:35

Political analyst - Large files on the central bank and the governor are not independent(Baghdad: Al Furat News) Political analyst Salam Al-Zubaidi confirmed the existence of large files on the Central Bank of Iraq, and its governor is “not independent.”
Al-Zubaidi said (to the Euphrates News) that “the central bank has very large indicators, specifically in the recent period, after the high exchange rate.”
He added, “There are large files on the central bank, including corruption in the currency market, but we did not find anyone to hold it accountable.”
Al-Zubaidi described the statements of the governor (Mustafa Ghaleb) as “irresponsible and that it lost the independence of the Central Bank … when he stated that the raising of the dollar was not from the bank but from the Ministry of Finance.”
The policy of the Central Bank of Iraq to raise the dollar exchange rate caused great losses for the owners of the shops and their reflection on the purchasing power of citizens.
On the 19 of last month, the Central Bank of Iraq announced the raising of the price of selling and buying the dollar, as part of the austerity measures adopted by the government, despite warnings of high prices of foodstuffs and commodities offered in the markets.
The Central Bank decided that the amount of 1450 dinars per dollar would be the price of buying foreign currency from the Ministry of Finance, 1460 dinars per dollar, the price of selling foreign currency to banks, and 1470 dinars per dollar the price of selling foreign currency to the public.
And calls have escalated to dismiss the governor of the Central Bank of Iraq, Refinery Ghalib, due to his lack of “eligibility” in managing the bank and monetary policy.
The House of Representatives was scheduled to question the Governor of the Central Bank by the head of the Parliamentary Wisdom bloc, Faleh Al-Sari, after parliament was not convinced of the first’s answers during its hosting of one of the parliamentary sessions last November, but he announced that it was submitted to another notice.

alforatnews.com