Mr. Al-Kazemi: Restoring consideration to Mr. Sinan al-Shabibi
I do not know Mr. Sinan al-Shabibi and I have never met him, but I have heard like the rest of the citizens that he is excluded from the central bank because he refused to obey the orders of corrupt heads and implement what they ask of him and accused him of false accusations, and this corrupt elements have vandalized him by the vile methods to topple the national and clean elements and the man is known on a global level Mrs. Magda Al-Tamimi made a statement in an interview during Al Sharqiya TV channel in the past days that the currency auction takes advantage of one-fourth of the corrupt in the Central Bank, so what is required is to take Mrs. Al-Tamimi’s claim seriously, open an extensive investigation in this regard, restore consideration to Mr. Sinan Al-Shabibi and return him to his position as governor of the Central Bank and benefit From his experience and sincerity
(This is a brief summary from the free encyclopedia)
Sinan Muhammad Raza al-Shabibi “Sinan al-Shabibi” was born (July 1, 1941, Baghdad) economist and governor of the Central Bank of Iraq from September 2003 to October 2012. It is the first governor of the Central Bank after the occupation of Iraq by the coalition forces.
His upbringing and education
Al-Shabibi was born in Baghdad on July 1, 1941, and his father, Muhammad Reza al-Shabibi, is a prominent Iraqi poet, thinker, and politician. Al-Shabibi attended the College of Economics and Political Science at the University of Baghdad and graduated in 1966 with a Bachelor’s degree in Economics, and also obtained a diploma in Graduate Studies in Development and Economics, Masters degree in Economics from the University of Manchester in Manchester, United Kingdom (1970-1971) . He also obtained a PhD in Economics from the University of Bristol in Bristol, UK in 1975.
The beginning of his career
From May 1975 until March 1977, Sinan al-Shabibi was the head of the Import and Marketing Department of the Iraqi Ministry of Oil, and from April 1977 until December 1980, al-Shabibi was the head of the Planning and Coordination Department of the Iraqi Ministry of Planning.
After the Iraq-Iran war erupted, al-Shabibi moved to Geneva, Switzerland, where he stayed from December 1980 to October 2001 and worked as an economist at the United Nations Conference on Trade and Development.
Governor of the Central Bank of Iraq
Since assuming the position of governor of the Central Bank of Iraq, he has introduced modern accounting and payment systems for the financial institution, replaced manual printers and computers with modern computer systems, and accounting tools as currency auctions, and replaced the pre-2003 currency with the new currency between October 2003 and January 2004. He also With the participation of the Iraqi Central Bank in the International Monetary Fund and the World Bank, in addition to the Paris Club negotiations where 19 countries agreed to forgive Iraq from 80% of pre-2003 debts to help Iraq recover from the post-war era that was led by the United States in 2003.
Despite local and regional instability in the region, Al-Shabibi managed to maintain the Iraqi dinar exchange rate against the US dollar at 1190 dinars per 1 US dollar (while the exchange rate was 2214 dinars per 1 dollar in 2002), and reduced the inflation rate (from 64% in 2006, to 5.2% in 2012), and doubled the gold reserves to 32 tons, and remained a strong advocate for the independence of the Central Bank. His use of these policies and the rise in oil revenues helped raise foreign exchange reserves to approximately $ 67 billion (in September 2)) over December 2002 $ 2.7 billion 2012)
We hope that the right man is in the right place.