The dollar overthrows the governor of the Iraqi “Central”.

The dollar overthrows the governor of the Iraqi “Central”.
The dollar overthrows the governor of the Iraqi “Central”.
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Al-Sudani was appointed close to Al-Maliki… and he is preparing to visit Washington

The crisis of the high price of the dollar against the dinar toppled the governor of the Central Bank, Mustafa Ghaleb Makhaif, and the director of the Trade Bank of Iraq (TBI), Salem Chalabi, who were both dismissed by Prime Minister Muhammad Shiaa al-Sudani.

The official Iraqi News Agency quoted a government source as saying, “Al-Sudani decided to relieve the governor of the Central Bank, Mustafa Ghaleb Makhaif, from his post at his request, and assigned Ali Mohsen Al-Alaq to run the Central Bank by proxy.” Al-Alaq, who is close to the head of the State of Law coalition, Nuri al-Maliki, previously held the position of bank governor between 2014 and 2020, and his appointment is not accepted or welcomed by some economic and political circles. The Sadrist movement, led by Muqtada al-Sadr, who has withdrawn from parliament, is among its most prominent opponents and those who object to his re-appointment.

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Sources close to al-Maliki say that the new Al-Alaq plan includes “opening the door to negotiations with the US Federal Bank to make amendments to the restrictions.” Immediately after he was assigned to manage the central bank, Al-Alaq pledged to restore the dollar exchange rate to its previous state “within a short period.”

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In addition, Al-Sudani and his foreign minister, Fouad Hussein, are preparing to visit Washington, separately, soon, carrying two main files. The “dollar crisis” and the “strategic framework” agreement between Baghdad and Washington.

Hussein said yesterday that the prime minister “is in contact with the United States in order to re-raise the value of the Iraqi dinar against the dollar, and we will visit Washington soon for this matter.”
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