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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The dollar crisis may strain the relaxed relationship between Sudani and the central bank governor

    Rocky
    Rocky
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    The dollar crisis may strain the relaxed relationship between Sudani and the central bank governor Empty The dollar crisis may strain the relaxed relationship between Sudani and the central bank governor

    Post by Rocky Sun 22 Jan 2023, 3:06 pm

    [size=38]The dollar crisis may strain the relaxed relationship between Sudani and the central bank governor[/size]


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    January 22, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk: The government of Muhammad al-Sudani and the governor of the Central Bank of Iraq are under criticism because of the dollar crisis.
    On social media, the obelisk monitored criticism of the prime minister, even by those who support him in the media, for keeping the governor of the Central Bank, Mustafa Ghaleb, in his post.
    In one of the steps against Al-Sudani's position, deputies from the coordination framework collected signatures to interrogate Ghalib to dismiss him.
    Observers of Iraqi affairs say that al-Sudani will not dismiss the bank's governor because he is affiliated with the Sadrist movement, as the prime minister avoids clashing with him.
    But the street revolution against the rise in the price of the dollar may force the government to dismiss Ghalib.
    The head of the awareness movement, Salah al-Arabawi, said that the central bank governor had failed to control the dollar and the government should dismiss him and appoint a competent person capable of managing the crisis.
    Representative Majid Shankali explained that the reason for the rise in the dollar is the central bank's failure to draw up monetary policy, to stop illegal foreign transfers, and to combat money laundering and laundering of some facades of blocs and parties, who were falsely named businessmen.
    He wondered: Where is the central bank that did not make any statement on the subject, especially the governor who has nothing to do with money and the economy, but this is our case in which a legal person can assume the highest banking position in the state!
    A member of the European Institute of Corporate Governance ECG, Wadah Taha, said that the Central Bank must exercise its role in accordance with the law in applying all means to achieve the national economic interest of Iraq and impose strict control on banks and transfers instead of imposing sanctions from abroad, which we are indispensable.
    In an examination of the causes of the crisis, the advisor to the Prime Minister, Mazhar Muhammad Salih, explained, on Thursday, regarding fluctuations in the exchange rate of the dollar in the Iraqi market, that the external transfer platform meets 90% of the market demand for foreign currency.
    Professor of Economics at the University of Basra, Nabil Al-Marsoumi, pointed out that the central bank is unable, until now, to use cash reserves to support the dollar, despite the insane rise in Iraq.
    Coinciding with the wave of criticism, calls for the dismissal of the central bank governor, Mustafa Makhaif, rose, due to his failure to perform his duties after the current crisis.
    And the former member of the Parliamentary Finance Committee, Abdul Hadi Al-Saadawi, called for changing the governor of the Central Bank, indicating that the current governor is not qualified to manage the Central Bank.
    A member of the Finance Committee in the former parliament, Rahim al-Darraji, said that the central bank is the cause of all the problems in Iraq, revealing the reason for canceling a frightening interrogation.
    Al-Darraji made it clear that many personalities called and intervened to cancel Al-Darraji's interrogation, and indeed that happened.
    Social studies teacher Hatem Al-Ajibi said that the failure of the governor of the central bank to maintain the stability of the exchange rate of the dollar necessitates that the Sudanese dismiss him for failing in his duties.
    Representative Bassem Khashan considered that the governor of the Central Bank is legal and does not have the slightest experience in managing banks, funds, accounting, or any specialization close to banking work.
    He added that Mustafa Makhaif reached this position through a political party and influential bank owners, while he remains in his position and expands in the government of Muhammad Shia, surprisingly: we do not know the reason for his survival or the reasons for his expansion!
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