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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    A deputy objects to the dismissal of "Makhaif": The coordination framework wants to take over the Ce

    Rocky
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    A deputy objects to the dismissal of "Makhaif": The coordination framework wants to take over the Ce Empty A deputy objects to the dismissal of "Makhaif": The coordination framework wants to take over the Ce

    Post by Rocky Mon 23 Jan 2023, 5:05 am

    A deputy objects to the dismissal of "Makhaif": The coordination framework wants to take over the Central Bank of Iraq



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    2023-01-23 04:04
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    Shafaq News/ On Monday, the independent MP, Sajjad Salem, accused the coordination framework of trying to control the Central Bank of Iraq, after the decision to dismiss its governor, Mustafa Ghaleb Makhaif.



    Salem told Shafaq News agency, "The crisis of the dollar's exchange rate rise is not related to the governor of the Central Bank, and his removal from office is not a solution to this crisis, and this exemption will not be a reason to lower the dollar exchange rate in the local market, but rather this step may have serious negative consequences." for undermining monetary authority.
    And he indicated that "the high dollar exchange rate is mainly caused by currency smuggling, and the exemption of the central bank governor, Mustafa Ghaleb, is frightening because the coordination framework forces target the bank's governor, for political purposes and reasons, and not for any economic reason related to the high dollar exchange rate."
    He continued, "The forces of the coordination framework want to dominate the Central Bank of Iraq, and for this came the appointment of Ali Mohsen Al-Alaq as governor of the bank."
    And today, Monday morning, Prime Minister Muhammad Shia al-Sudani decided to relieve the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, while Ali Mohsen Al-Alaq was assigned to run the bank by proxy.
    Al-Sudani also decided to refer the director of the Trade Bank of Iraq to retirement, and assign Bilal Al-Hamdani to manage it in addition to his duties, according to what an official source told Shafaq News agency.
    Yesterday, Sunday, Al-Sudani took urgent decisions to "address" the exchange rate of the US dollar against the local currency during his meeting with the Federation of Iraqi Chambers of Commerce to discuss solutions to the fluctuation of the exchange rate of foreign currency.
    These decisions come at a time when the exchange rate of the US dollar against the Iraqi dinar has witnessed a gradual rise since November 2022, reaching its highest levels in recent days, as it crossed the barrier of 165 thousand dinars per 100 dollars.
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