The interim Iraqi Governing Council (IGC) was dissolved on Tuesday after a new Iraqi president was appointed and a new cabinet took shape.

Muwafaq al-Rubaiye, a council member, said that all IGC members agreed to dissolve their body which was handpicked by the US-led coalition authority last July.

The council had originally been expected to remain in office until the handover of sovereignty on June 30.

Earlier Tuesday, rotating IGC Chairman for May Ghazi Yawar was announced president of the country after 81-year-old Adnan Pachachi turned down the offer of the post.