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Parliamentary Finance reveals a move to question the Governor of the Central Bank of Iraq: We are working to change it
Politics
2024-11-10 04:53
Shafaq News/ Member of the Parliamentary Finance Committee, Muhammad Nouri, revealed on Sunday a move within the committee and the House of Representatives to question the Governor of the Central Bank of Iraq, Ali Al-Alaq, due to the lack of control over the stability of the dollar price, and the dominance of private banks over the currency selling window. Nouri told Shafaq News Agency,
“There is a move within the Parliamentary Finance Committee and the House of Representatives to interrogate the Governor of the Central Bank, Ali Al-Alaq, because there are many files, most notably the bank’s lack of control over the stability of the dollar exchange rate in the market.” He pointed out that
"the other reason that is considered one of the reasons for questioning the Central Bank Governor is the dominance of some private banks owned by foreign nationalities over the window for buying and selling currency and foreign transfers." Nouri stated,
“There are other works that we are doing through letters and official correspondence to change the governor of the Central Bank because he is over the legal age and continues in the position while he must be referred for retirement.”
On Monday, August 19, a member of the Parliamentary Finance Committee, Mustafa Al-Karawi, revealed that a request had been submitted to the Presidency of the House of Representatives to set a date for questioning the Governor of the Central Bank of Iraq regarding several files, most notably the exchange rate of the dollar against the local currency.
Al-Karaawi told Shafaq News Agency,
“Members of the Parliamentary Finance Committee had previously submitted a request to the Speaker of the House of Representatives to interrogate the Governor of the Central Bank, Ali Al-Alaq.” He added,
"The interrogation concerns several files, the most important of which are the dollar exchange rate and its sale to travelers, the currency buying and selling window, financial transfers abroad, monetary financing, American sanctions, and negotiations with the American Federal Bank."
It is noteworthy that, on August 19, the Supreme Judicial Council of Iraq supported the findings of the State Council regarding referring the Governor of the Central Bank, Ali Al-Alaq, to retirement after reaching the legal age.
The Supreme Judicial Council said in an official document received by Shafaq News Agency, that the same subject was studied by the study committee at the presidency of the Judicial Supervision Authority, and the same opinion was reached by the State Council in the two aforementioned decisions.
The House of Representatives had sent a letter to the Supreme Judicial Council inquiring about the judiciary’s opinion regarding the permissibility of the bank governor continuing to serve after reaching the legal age for retirement.
The State Council decided the official position on whether or not the Governor of the Central Bank, Ali Al-Alaq, should continue in his position, stressing that he has exceeded the legal age for retirement.
It was stated in correspondence between the State Council and Parliament, that in response to the House of Representatives’ clarification of the opinion from the State Council regarding the permissibility of the Governor of the Central Bank continuing to serve after reaching the legal age for retirement. He pointed out that
the legislator has explicitly stipulated that referral to retirement upon reaching the legal age is an inevitable referral by law unless excluded by a special text, and
since there is no special text that excludes the Governor of the Central Bank from the provisions of the inevitable referral to retirement upon reaching the legal age.
The State Council confirmed that the legal principle stipulates: “Heads of independent bodies are subject to the legal age for retirement.”
https://shafaq.com/ar/سیاسة/المالية-النيابية-تكشف-عن-تحرك-لاستجواب-محافظ-البنك-المركزي-العراقي-نعمل-لتغييره
Politics
2024-11-10 04:53
Shafaq News/ Member of the Parliamentary Finance Committee, Muhammad Nouri, revealed on Sunday a move within the committee and the House of Representatives to question the Governor of the Central Bank of Iraq, Ali Al-Alaq, due to the lack of control over the stability of the dollar price, and the dominance of private banks over the currency selling window. Nouri told Shafaq News Agency,
“There is a move within the Parliamentary Finance Committee and the House of Representatives to interrogate the Governor of the Central Bank, Ali Al-Alaq, because there are many files, most notably the bank’s lack of control over the stability of the dollar exchange rate in the market.” He pointed out that
"the other reason that is considered one of the reasons for questioning the Central Bank Governor is the dominance of some private banks owned by foreign nationalities over the window for buying and selling currency and foreign transfers." Nouri stated,
“There are other works that we are doing through letters and official correspondence to change the governor of the Central Bank because he is over the legal age and continues in the position while he must be referred for retirement.”
On Monday, August 19, a member of the Parliamentary Finance Committee, Mustafa Al-Karawi, revealed that a request had been submitted to the Presidency of the House of Representatives to set a date for questioning the Governor of the Central Bank of Iraq regarding several files, most notably the exchange rate of the dollar against the local currency.
Al-Karaawi told Shafaq News Agency,
“Members of the Parliamentary Finance Committee had previously submitted a request to the Speaker of the House of Representatives to interrogate the Governor of the Central Bank, Ali Al-Alaq.” He added,
"The interrogation concerns several files, the most important of which are the dollar exchange rate and its sale to travelers, the currency buying and selling window, financial transfers abroad, monetary financing, American sanctions, and negotiations with the American Federal Bank."
It is noteworthy that, on August 19, the Supreme Judicial Council of Iraq supported the findings of the State Council regarding referring the Governor of the Central Bank, Ali Al-Alaq, to retirement after reaching the legal age.
The Supreme Judicial Council said in an official document received by Shafaq News Agency, that the same subject was studied by the study committee at the presidency of the Judicial Supervision Authority, and the same opinion was reached by the State Council in the two aforementioned decisions.
The House of Representatives had sent a letter to the Supreme Judicial Council inquiring about the judiciary’s opinion regarding the permissibility of the bank governor continuing to serve after reaching the legal age for retirement.
The State Council decided the official position on whether or not the Governor of the Central Bank, Ali Al-Alaq, should continue in his position, stressing that he has exceeded the legal age for retirement.
It was stated in correspondence between the State Council and Parliament, that in response to the House of Representatives’ clarification of the opinion from the State Council regarding the permissibility of the Governor of the Central Bank continuing to serve after reaching the legal age for retirement. He pointed out that
the legislator has explicitly stipulated that referral to retirement upon reaching the legal age is an inevitable referral by law unless excluded by a special text, and
since there is no special text that excludes the Governor of the Central Bank from the provisions of the inevitable referral to retirement upon reaching the legal age.
The State Council confirmed that the legal principle stipulates: “Heads of independent bodies are subject to the legal age for retirement.”
https://shafaq.com/ar/سیاسة/المالية-النيابية-تكشف-عن-تحرك-لاستجواب-محافظ-البنك-المركزي-العراقي-نعمل-لتغييره
