Government defends decision to sack central bank governor
Government defends decision to sack central bank governor
Source: Radio Sawa – 10/18/2012
The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that the government’s decision sacking Governor Sinan al-Shabibi and appointment of the Director of Financial Supervision temporary substitute him are decisions normal, provided that their motives are good, and stressed that the changes approved by the Council of Ministers during Tuesday’s session did not Ttalh. On opposes the formation of a committee comprising in its membership representatives of the ministries of finance, interior and trade with the principle of independence of the bank as an independent body, said deputy central bank governor , “do not consider it as interference in the work of the bank, no one interfere in the work of the bank, which has special law, these committees control and not procedural, as long as there good faith and serve the public interest, we with these decisions, provided that there are no covert intentions. ” and attributed Saleh in an interview with “Radio Sawa” the causes of variation in the exchange rates of the dinar against foreign currencies during the past months to the U.S. withdrawal from Iraq, and the problems of regional countries and funding trade with them, in addition to spending Amo projects implemented by the provinces. Saleh also highlighted that the former central bank governor Sinan al-Shabibi no longer to Iraq after the end of the International Conference in Tokyo. government had decided to instruct the Director of Financial Control Department Central Bank temporarily until completion of the investigations on the auctions, which was conducted by the bank to sell the dollar.
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