Parliamentary Committee tasked to monitor CBI performance suspends performance

Baghdad (IraqiNews.com) The members of the Parliamentary Committee tasked with monitoring the performance of the Central Bank of Iraq suspended their membership and their report over the performance of the CBI.

The spokesperson of the Committee, Majida al-Timimi, stated to IraqiNews.com “After the long period of investigations and the several meetings we held with the Governor of the CBI and his deputy as well as a number of the general directors as we were about to complete our report over the CBI, we were surprised that the parliament chairmanship formed another committee over the CBI without asking our opinions.”

“We were deprived from the report of the Financial Supervision Department issued about the CBI and we were astonished as all sides are for issuing the arrest warrant against the Governor of the CBI and other employees in the CBI,” she concluded.

Earlier, the Council of Ministers tasked the head of the Financial Supervision Department, Abdul Basit Turki, to run the Central Bank of Iraq as a substitute for the current Governor of the CBI, Sinan al-Shibibi.