Iraq central bank chief warns on Cabinet oversight

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Kim Gamel
Bloomberg
January 26, 2011

Iraq’s central bank chief warned Tuesday that a high court decision to put the financial institution under the supervision of the Cabinet instead of parliament could threaten the country’s assets abroad.

The comments by Sinan al-Shebibi were part of a chorus of criticism over last week’s ruling that the central bank, the Independent High Electoral Commission and the anti-corruption watchdog should be linked to the Prime Minister Nouri al-Maliki’s government.

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Al-Maliki’s office said there had been problems in the administration of the agencies, leaving them open to possible corruption, and the prime minister had asked the courts to decide who should be in charge.

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This article was posted: Wednesday, January 26, 2011 at 10:13 am







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