Iraq's Central Bank at Risk of Losing its Independence

2020-10-17 09:14:04

(MENAFN- Iraq Business News) By Farhad Alaaldin, for Rudaw . Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News .

Kurdistan Region rice farmers harvest bumper crop

Finance Minister Ali Allawi said in a press conference following the adoption of the White Paper for Economic Reform by the Council of Ministers on October 13:

"... we have a solid and strong relationship with the Central Bank for the purpose of unifying monetary and financial policies, and this will provide us with the possibility to cover all the requirements and entitlements of the salaries of employees and retirees."

This statement went unnoticed by all journalists, pundits and analysts. Nobody noticed the attempt of the Iraqi government to undermine the independence of the Central Bank of Iraq (CBI) to implement the financial policies approved by the government.

Click here to read the full article.

MENAFN1710202002170000ID1100974098

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.