***** Araji: The World Bank warned the Iraqi government from interfering in the work of the Central Bank

This is probably why we have not heard any more about the change on the position of the head of the CBI





Thursday, 27 March / March 2014 12:10



[Baghdad where]

The MP said the Liberal bloc Bahaa al-Araji said that "the World Bank warned the Iraqi government from interfering in the work of the Central Bank and called for government intervention to stop the work of the central bank.

Araji said in a statement received by all of Iraq [where] a copy of it today, "We had already warned of the deterioration of the economic situation and the country's financial policies because of the failure to take a professional and overlapping powers and interference in the work of the central bank by the Iraqi government.

And "The World Bank met in Amman and attended by representatives of Iraq and has warned that reform policies and stop government interference in the work of the central bank and private borrowing it and otherwise, Iraq will be put on the blacklist, and this reminds us of the same sanctions imposed on the former regime and led to the deterioration of the Iraqi dinar and its negative effects on the Iraqi situation.

And concluded by saying, "Therefore, we renew our call for the Iraqi government to desist from these interventions with a fiscal policy and economic avoid Iraq from which these crises."

The MP for the coalition of state law Sadiq gum, had confirmed the decision of Prime Minister Nuri al-Maliki to withdraw the hand of Abdul-Basit Turki administration of the central bank and the appointment of the secretary-general of the Council of Ministers on the Keywords instead of him, noting that "Keywords able to manage the central bank."

A source has revealed for the beginning of [where] the determination of Prime Minister Nuri al-Maliki administration's central bank delivered to the Secretary General of the Secretariat of the Council of Ministers on the Keywords.

The source said that "Maliki's decision comes after it issued a decision to withdraw the hand of [Abdel Basset Turki], who runs the Central Bank and the Agency in addition to his position at the head of Supreme Audit authenticity and delivery of Directors of the Bank to the Secretary General of the Council of Ministers on the Keywords".

The Council of Ministers decided on 16 October 2012 to request the President of Supreme Audit Abdel Basset Turki to manage the Iraqi Central Bank, succeeding Governor Sinan al-Shabibi issued an arrest warrant on charges of corruption.

There were conflicting reports on more than once about the intention Turki to resign from his post as governor of the bank, most recently last September against the backdrop summoned by Prime Minister Nuri al-Maliki after he sent him strongly criticized, describing his performance bank Palmtkhalaf and bad and told him that mishandling effect on the course of the Iraqi economy. On Somewhat reported by some media. however adviser to Prime Minister Ali al-Moussawi denied the news and said the continuation of the job at the head of Turkish Central Bank administration.

The MP for the Liberal bloc Jawad al-Jubouri may count delivery of the Central Bank to the Secretary General of the Secretariat of the Council of Ministers on the Keywords be dangerous and a step in the consecration of monopoly power, noting that "This may not be the fact that the central bank is an independent body linked to parliament.



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