Wall Street Journal: Maliki to prove that the issue of «Central» solid foundations and is not an attempt to grab power important financial

Haider Ali Jawad - 10/23/2012 - 6:39 pm


Saw the Wall Street Journal in the analysis of her administration Maliki did not bother the importance of clarifying the reasons for the suspension of the official's largest financial institutions importance in the country, and to reassure citizens that this action will not affect the Iraqi economy, pointing to the Maliki government to confirm that the investigations with the central bank governor and a number of other officials stand on solid ground and not an attempt to tyranny of the destiny of the country.

The newspaper said Shabibi, Governor of the Central Bank of Iraq, has witnessed a dramatic shift in his fate last week.

She said Shabibi was in meetings with his counterparts from the countries of the world at the annual meeting of the International Monetary Fund in Tokyo. But it ended, according to a deputy, the appearance of Mohammed Saleh, Balthsn in Geneva, facing an arrest warrant issued against him by the Iraqi authorities after an investigation by a parliamentary committee on the supervision of the central bank to exchange foreign currency auctions.

However, with all the questions raised in Shabibi, which the newspaper could not contact him for comment, there are no more questions facing the government of Prime Minister Nouri al-Maliki. Dealing with the investigation of the governor and 15 other officials in the bank has revealed, and this is not the first time, what some critics claim that he disregard the Iraqi administration the legal process is supposed to be normal, and treat them rough rule of law.

In her remarks, barren free illustration, according to the newspaper, the Iraqi authorities also showed little concern about the need to reassure the Iraqi citizens and the business community that the economy will not waver because of this turmoil raised by allegedly a big scandal in one of the most important institutions of the country.

The newspaper quoted a businessman in Iraq, saying sadly that "the culture of do what you want and do not bother others in this country can be sometimes a general and comprehensive", in reference to the expected outcome of this case.

The newspaper added that rumors action against Shabibi was promoted last weekend, however, it took days before it recognizes any political suspend work Shabibi, and then raise the criminal case against him. He said the Supreme Judicial Council, the governor and other officials wanted to arrest after deputies issued a report critical of manipulating foreign currency swap auctions which are held several times a week, where sometimes sold millions of dollars. The authorities have tightened the regulations verification of customers auction last April, amid doubts circulating a long time ago, and he agreed with her deputy governor, that some traders were using false identities to get money, and then Evrkonh in commercial dealings to evade the sanctions imposed on neighbors Iran and Syria.

The official investigation indicates that the defendants are facing allegations of an ambiguous situation. One lawyer Shabibi said he was informed that the investigation is secret. The deputy governor, who has denied wrongdoing, said last week that he had heard that covered by the investigation, but he has not received any other information.

Some analysts see the issue clear proof of the growing tyranny of al-Maliki, particularly since the withdrawal of U.S. troops last December. The paradox of power in his administration is that it increases constantly authority over security and financial institutions task while the alliance does not control, but less than half the seats in parliament much. In December, fled Tareq al-Hashemi, the vice president of the country after the issuance of a warrant of arrest against the backdrop of terrorism charges, allegations that Hashemi them say it orchestrated by the Prime Minister. In contrast, Ansar al-Maliki denies talk Hashemi and allegations that the government is now seeking to overthrow the central bank governor to be able to wrest control of the country's reserves of foreign currency.

And there is something else troubling in the case of the central bank is the potential impact on the Iraqi economy, which is still fragile after Saddam's dictatorship, which lasted 24 years, and about 9 years of U.S. occupation, and a bloody civil war. Fans Governor of the Bank in the country and abroad say he has done a good job in maintaining the stability of the dinar and control inflation. The process is seen replace him Abdul Basit Turki, Chairman of the Board of Supreme Audit, as a re-reassuring, especially that he is not tainted by politics, but the government has done little to clarify the reasons of his appointment, or give undertakings constantly independence of the central bank.

The newspaper said that with the absence of any evidence so far from both sides from the realities of the allegations on the issue of currency exchange, it is impossible to conclude whether there is any truth to the government's accusations for Hbibi. But it's fair to say that the way in which the authorities have dealt with the case gives serious reasons to worry about fairness.

The newspaper concluded its report by saying that the responsibility is now on the Maliki administration that soon became clear that this investigation is based on solid foundations and is not an attempt to seize power in order to remove a troublesome obstacle in the way of its control over the country.


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