World

Tunisia's Bank Governor sacked after EU blacklists nation

9 February 2018 - 63   - 0

Tunisia's prime minster has removed the governor of its central bank hours after the European Parliament put the North African country on a blacklist of non-EU nations amid fears it posed a risk over money laundering and terrorist financing, the New York Times reported.

Prime Minister Youssef Chahed proposed Wednesday to replace Chedli Ayari with 58-year-old Marouane El Abassi, currently the representative of Tunisia and Libya to the World Bank.

Tunisian media has accused the Central Bank of Tunisia under Ayari of turning a blind eye to "obscure transfers" received from non-governmental organizations and political parties.

Lawmakers who opposed the inclusion of Tunisia on the EU blacklist said the burgeoning democracy needs support, not punishment, and the move discounts Tunisia's efforts to bolster its financial structures.

  Comments - 0

  • Leave a comment

Top Stories

Hatton - Colombo road blocked due to earth slide

The vehilce movement in Hatton-Colombo main road is currently blocked at Watawala due to an earth slide, the Watawala Police said. The earth slide ...

15 August 2018 - Views : 10

Water cut in Gampaha on Aug 17

15 August 2018

Navy brings ill fishermen ashore for immediate treatment

15 August 2018

HRCSL organise Youth Camp

15 August 2018



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">

 

Features & Analysis

Cochin Airport closed due to flooding

SriLankan Airlines has temporarily suspended flights to and from the South Indian city of Cochin until Saturday Augus...

In Pictures: Madhu Feast

The Madhu Church festival takes place every year in August when thousands of Catholic devotees flock from all over th...

Members of Big Mountain arrrive in the island ahead of Cinnamon Life's Colombo Music Festival

Richard ‘Goofey’ Campbell along with  other members of Big Mountain arrived in Sri Lanka yesterday a...

Celebrating India's 71st Anniversary of Independence with Bollywood singing icon Usha Uthup in concert

The High Commission of India is proud to present “Symphony of Freedom” by legendary Bollywood playback si...



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">