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"They did not interact with the dollar crisis" .. Major changes affecting the management of Iraqi banks
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2023-01-24 01:57
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Shafaq News/ A government source revealed, on Tuesday, that major changes will soon take place in the banks' departments, with the end of the period for evaluating the performance of general managers.
The source told Shafaq News agency, "Big changes will soon occur in the departments of government banks, to appoint those with professional experience and competence, which coincide with the change of the governor of the Central Bank, especially since some of them did not interact with the crisis of the dollar's rise and the solutions that the government put in place to end the crisis." .
The source added, "The government did not like the performance of some government banks in terms of dealing with the dollar crisis and other banking reforms in terms of implementing the government program," pointing out that "the government assessment granted a period of 3 months for general managers to improve and develop their work, and for this, the deadline will soon expire." Change will begin."
Yesterday, Monday, Prime Minister Muhammad Shia al-Sudani decided to relieve the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, and assign Ali Mohsen Al-Alaq to manage the bank by proxy.
Al-Sudani also decided to refer the director of the Iraqi Trade Bank to retirement, and assign Bilal Al-Hamdani to manage it in addition to his duties.
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.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-01-24 01:57
Share
Font
Shafaq News/ A government source revealed, on Tuesday, that major changes will soon take place in the banks' departments, with the end of the period for evaluating the performance of general managers.
The source told Shafaq News agency, "Big changes will soon occur in the departments of government banks, to appoint those with professional experience and competence, which coincide with the change of the governor of the Central Bank, especially since some of them did not interact with the crisis of the dollar's rise and the solutions that the government put in place to end the crisis." .
The source added, "The government did not like the performance of some government banks in terms of dealing with the dollar crisis and other banking reforms in terms of implementing the government program," pointing out that "the government assessment granted a period of 3 months for general managers to improve and develop their work, and for this, the deadline will soon expire." Change will begin."
Yesterday, Monday, Prime Minister Muhammad Shia al-Sudani decided to relieve the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, and assign Ali Mohsen Al-Alaq to manage the bank by proxy.
Al-Sudani also decided to refer the director of the Iraqi Trade Bank to retirement, and assign Bilal Al-Hamdani to manage it in addition to his duties.
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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