Member of the Parliamentary Finance Committee, Mohammed Nouri, found out on Sunday that there is a flow within the committee and the house of Representatives to impeach the Governor of the vital bank of Iraq, Ali Al-Alaq, due to the shortage of manage over the steadiness of the dollar charge and the dominance of private banks over the currency promoting window.
Nouri instructed dinaropinions.com, “there is a move in the Parliamentary Finance Committee and the residence of Representatives to impeach the Governor of the valuable bank, Ali Al-Alaq, due to the existence of many files, maximum extensively the financial institution’s loss of manipulate over the stability of the greenback alternate rate in the marketplace.”
He pointed out that “the opposite purpose, that is considered one of the reasons for thinking the governor of the crucial financial institution, is the dominance of some private banks owned by way of overseas nationalities over the window for purchasing and selling currency and foreign transfers.”
Nouri defined that “there are different works that we’re doing through professional letters and correspondence to change the governor of the crucial financial institution due to the fact he has surpassed the legal age and maintains in the role even as he have to be noted retirement.”
On Monday, August 19, a member of the Parliamentary Finance Committee, Mustafa Al-Karawi, discovered that a request were submitted to the Presidency of the Council of Representatives to set a date to question the Governor of the imperative bank of Iraq regarding numerous documents, maximum considerably the alternate price of the greenback in opposition to the neighborhood forex.
Al-Karawi instructed dinaropinions.com, “individuals of the Parliamentary Finance Committee had formerly submitted a request to the Speaker of the residence of Representatives to question the Governor of the relevant bank, Ali Al-Alaq.”
He added, “The interrogation pertains to numerous files, the maximum essential of which are the greenback exchange price, its sale to travelers, the foreign money shopping for and promoting window, monetary transfers overseas, coins financing, US sanctions, and negotiations with the usa Federal Reserve.”
it is noteworthy that the best Judicial Council in Iraq, on August 19, supported the country Council’s findings regarding the referral of the central bank Governor, Ali Al-Alaq, to retirement after reaching the legal age.
The very best Judicial Council stated in an professional document obtained by using dinaropinions.com that the equal issue turned into studied by the research Committee within the Presidency of the Judicial Supervision Authority, and the equal opinion of the state Council turned into reached in the aforementioned decisions.
The house of Representatives had despatched a letter to the ultimate Judicial Council inquiring approximately the judiciary’s opinion at the permissibility of the bank governor continuing in provider after achieving the criminal retirement age.
The kingdom Council has decided the reliable function on whether or no longer the crucial bank Governor, Ali Al-Alaq, will maintain in his position, confirming that he has handed the prison retirement age.
It turned into stated in correspondence among the state Council and Parliament that during reaction to the residence of Representatives’ request to make clear the opinion of the nation Council regarding the permissibility of the Governor of the important financial institution continuing in provider after achieving the criminal retirement age.
He mentioned that the legislator has explicitly stipulated that retirement upon accomplishing the criminal age is an inevitable retirement with the aid of regulation unless exempted via a special provision, and in view that there may be no special provision exempting the Governor of the important bank from the provisions of inevitable retirement upon reaching the legal age.
The state Council showed that the legal precept states: “Heads of independent our bodies are concern to the criminal age for retirement.”
