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's former finance minister, who during a cabinet meeting on Tuesday, outlined the reasons behind his decision��in a resignation letter made public by��Iraqi social media users and outlets.��

In a 10-page-long resignation letter, Allawi blames , rampant corruption by the political parties and ruling elites, and the interferences by foreign countries into Iraq's internal affairs��as the main reasons behind his resignation.��

Allawi, who was also the deputy prime minister in Mustafa al-Kadhimi's cabinet, took office in May 2020.��His resignation was instantly accepted and��Iraqi oil m0inister Ihsan Abdul-Jabbar has been appointed as acting finance minister.

"In the few weeks after I took office in the ministry for the second time, I knew the terrifying fact on what extent the government functionality has deteriorated in the past 15 years, in a way that the political parties, as well as the self-interest groups, have practically confiscated broad joints of the state,"��reads part of Allawi's letter published by Iraqi outlet.��

Allawi also served as Iraq's finance minister for a short period in 2006.��

He clarifies in the letter that Iraq's current economic situation is "stable"��and the financial conditions are "good"��with a��high foreign currency balance and an expected economic growth of��10 per cent for this year, according to the expectations of the International Monetary Fund.��

However, Allawi says since he was in a caretaker government with constitutionally limited powers, as the political parties have not��reached a deal to form a new cabinet, he could not "do what should be done"��to serve Iraqi citizens.

He pointed��out his key achievements, including saving Iraq from bankruptcy amid the covid-19 pandemic and��decreasing��the country's GNI��due to record low��oil prices.

The former minister also emphasised that he was for the decision to devalue the Iraqi national currency,��which economic commentators argue has contributed to the collapse of the state.��

Jamal Kochar, an Iraqi lawmaker from the Kurdistan Islamic Union and member of��the finance committee, told ������, "I do not think the resignation will have any effects on Iraq’s economy and finance."��

The MP also said that Allawi has presented his resignation several other times, but the resignations were refused by PM Kadhimi.��

"I think this time, Allawi was fed up with the situation in Iraq and some pressures upon him, thus he resigned and the resignation was eventually accepted,"��Kochar added. ��

Iraqi social media users reacted to the resignation, raising the question if Allawi will run for Iraq's premiership in the future.��

Dr Ihsan al-Shammari, president of the Baghdad-based Iraqi Centre for Political Thought, described the resignation letter in a tweet as:��"A formal death certificate of the Iraqi political system".��

ورقة استقالة وزير المالية:
شهادة وفاة ( رسمية ) للنظام السياسي في العراق.

— د.احسان الشمري (@Ihssan_Shmary)

Many Iraqis have speculated over the timing of Allawi’s resignation and the long letter he wrote to MP al-Kadhimi, might be a sign��that he would be a future candidate for Iraq's most powerful job as��the prime minister.��

Allawi was��born in Baghdad in��1947 in a prominent Shia��family.��He graduated from the Massachusetts Institute of Technology in 1968 with a B.Sc. in civil engineering and��holds a Master’s Degree in regional planning from the London School of Economics, and��a Master of Business Administration (MBA) from Harvard University.