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Leaks about the dismissal of the Governor of the Central Bank of Iraq: the hidden reasons and implications
Dismissal of the Governor of the Central Bank of Iraq: Financial disputes or a political conspiracy?
August 7, 2024 Last updated: August 7, 2024
Al-Independent/ - Informed sources reported that the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, faces imminent dismissal in the coming days, not because he has reached the legal age as previously thought, but because of his opposition to financing projects and loans worth millions of dollars provided by the Sudanese government.
The scene became more ambiguous as Al-Alaq remained silent and refused to answer questions from the media.
According to a source who requested anonymity to Al-Mustaqila’s correspondent, Al-Alaq strongly opposed the financial arrangements that included financing huge projects and loans from the Sudanese government, and
this position appears to have been the main factor behind the moves to remove him from his position.
The sources have not yet revealed precise details about the type of these projects or loans, but the large amounts associated with them have sparked disagreements between Al-Alaq and the Iraqi government.
The same source indicated that the potential replacement for Ali Mohsen Al-Alaq’s position is already ready, and
he is a person who is expected to quickly take over the position once it is vacated.
It is expected that the replacement will follow policies in line with the current government's trends, which may explain the speed of the decision to dismiss.
In a related context, some media and political sources issued warnings to the Prime Minister regarding the influence of a group of personalities or parties on government decisions related to the financial sector.
The warnings indicated the need to be wary of these individuals and their potential impact on monetary and financial policy in Iraq.
The government of Muhammad Shiaa Al-Sudani is accused of corruption, even though Al-Sudani was a critic of the government of Mustafa Al-Kadhimi.
However, his rule witnessed an increase in corruption and its penetration into the joints of the state.
One of the controversial decisions during his reign was to reduce the exchange rate of the dollar against the dinar, which caused losses to the state budget exceeding 15 billion dollars.
https://mustaqila.com/علي-محسن-العلاق/
Dismissal of the Governor of the Central Bank of Iraq: Financial disputes or a political conspiracy?
August 7, 2024 Last updated: August 7, 2024
Al-Independent/ - Informed sources reported that the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, faces imminent dismissal in the coming days, not because he has reached the legal age as previously thought, but because of his opposition to financing projects and loans worth millions of dollars provided by the Sudanese government.
The scene became more ambiguous as Al-Alaq remained silent and refused to answer questions from the media.
According to a source who requested anonymity to Al-Mustaqila’s correspondent, Al-Alaq strongly opposed the financial arrangements that included financing huge projects and loans from the Sudanese government, and
this position appears to have been the main factor behind the moves to remove him from his position.
The sources have not yet revealed precise details about the type of these projects or loans, but the large amounts associated with them have sparked disagreements between Al-Alaq and the Iraqi government.
The same source indicated that the potential replacement for Ali Mohsen Al-Alaq’s position is already ready, and
he is a person who is expected to quickly take over the position once it is vacated.
It is expected that the replacement will follow policies in line with the current government's trends, which may explain the speed of the decision to dismiss.
In a related context, some media and political sources issued warnings to the Prime Minister regarding the influence of a group of personalities or parties on government decisions related to the financial sector.
The warnings indicated the need to be wary of these individuals and their potential impact on monetary and financial policy in Iraq.
The government of Muhammad Shiaa Al-Sudani is accused of corruption, even though Al-Sudani was a critic of the government of Mustafa Al-Kadhimi.
However, his rule witnessed an increase in corruption and its penetration into the joints of the state.
One of the controversial decisions during his reign was to reduce the exchange rate of the dollar against the dinar, which caused losses to the state budget exceeding 15 billion dollars.
https://mustaqila.com/علي-محسن-العلاق/
