Iraq’s cabinet announced on Tuesday the name of the interim replacement for Iraq’s central bank chief, who was abruptly suspended due to an ongoing investment over currency manipulation. Ali Mussawi being the prime minister’s spokesperson quoted that “The cabinet decided to authorize Abdelbassit Turki, the head of the Board of Supreme Audit, to run the central bank indefinitely,".
He also mentioned that Sinan al-Shabibi had been removed from his office by Iraq’s Integrity Commission which is known as Iraq’s watchdog. This commission confirmed on Tuesday that they had already started an investigation regarding the supposed manipulation of Iraqi dinar against hard currency (US dollar). Integrity Commission spokesperson, Hassan Aati said “I can confirm that we received the Central Bank dossier from the integrity committee in parliament,".
He also said that the alleged wrongdoing is presently under investigation and that the investigation has just been initiated. Parliament’s anti-corruption committee chairman named Baha al-Araji said that the inquiry was not money oriented but the scrutiny is regarding the procedures that have led to the dwindling of the Iraqi dinar against the US dollar. Mudher Saleh, the deputy governor told that the former bank governor Shabibi is reportedly in Europe who had been to Tokyo to appear in a meeting conducted by the International Monetary Fund.
Source [Huffington Post]