Experts worry of authoritarian domination of Al-Maliki over the whole "independent" institutions of

Experts worry of authoritarian domination of Al-Maliki over the whole "independent" institutions of the State

The writings of    Wednesday, May 21, 2014



In the midst of busy people in the Iraqi elections and its results and the return of the same political faces and implications for the future of Iraq economic did not notice him across the Iraqi people, particularly the monitoring of the performance of the Central Bank as a financial institution and the big tent that protect the economy, Iraq faces the risk of big damage to the economy as a result of the support of certain banks have links to parties in the State regardless of the interests of Iraq and its economy.

The Foundation of the Central Bank because of their dependence on the Government and its independence following Prime Minister Nouri al-Maliki to former Central Bank Governor Sinan Al-Shabibi from Office despite his professionalism and experience in the world of finance, the economy and its success in maintaining the stability of the Iraqi dinar through support for large and medium-sized banks through her share of hard currency auction of the Bank then sold them to the newly created banks for their support and encourage them to raise capital. Despite all that, Al-Maliki were not an expert capable of achievement at the head of this important financial institution in its impact on Iraqi economy.

It has policies established by Al-Shabibi on the Iraqi economy, but has not yet accepted the Government terms addressed by Al-Maliki as they did for his party and his quest to get rid of Al-Shabibi and his leadership of the Central Bank, was appointed instead an economic failure named Abdel Basset Turki, who demolished all his predecessor's builders and ynakev private banks, opening wide the currency auction without controls in order to benefit from this financial mess political links and banks that are financing parties including Those associated with the Government, these new policies are well thought out in the deterioration of the Iraqi dinar exchange rate and inflation in the market.

And economists and experts on the Iraqi State would continue to adopt the same financial policies adopted by the Central Bank after Abdel Basset Turki served as Governor will hurt greatly the country's economy especially after providing documented information and documents confirming that the management of the Central Bank, through which the force officers were they favor certain banks and give credit without checking the records and transactions of these banks, which have a lot of suspicion and legal but Central Bank as regulator it is currently ignored on this Abuses that harmed a lot the local economy as a result of favoring banks directly related to the interests of the senior policemen and Government-backed and contractors working for them.

These economists also warned of similar steps to follow in case of winning a third term for BRIC full independent State institutions with various titles and subject to personal pleasure and the interests of his party and the authority which tend to the uniqueness of the full administrative authority and its decisions having come a long way on this approach which enshrines a new dictatorship.

 

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