Jordanian Premier says fired bank governor made "solo decisions"
Jordan's Prime Minister Marouf Bakhit on Tuesday dismissed media speculations over the reasons for firing the governor of the Central Bank of Jordan (CBJ) earlier this week. Speaking to reporters, Bakhit said that the reason for Faris Sharaf's ouster was to "save the Central Bank from drowning in individual decision-making."
According to Bakhit, Sharaf used to make "solo decisions," and had confronted with the government.
"He did not have confidence in small and medium-size businesses that the government wishes to expand in governorates," Bakhit added, describing Sharaf as a "liberal who strongly supports open markets and instigates against the government in "political salons."
"Sharaf's will is not in harmony with the structure of Jordanian decision-making," he added.
Sharaf hails from the the Royal Hashemite family and his father, the late Sharif Abdul Hamid Sharaf, was a former Prime Minister and head of the Royal Court. (Source: www.yallafinance.com)
- Egyptian stocks plummet as Yemen confict deepens
- Mission to Mars: UAE plans Arab region's first unmanned probe
- Supervising the stoners: Egyptian tobacco traders call for the legalization of cannabis
- Ethiopia launches $2.8m research survey for Nile basin development
- UAE sweetens flotation regulations to attract more investment