Najafi announce the formation of a parliamentary committee to verify the procedures for the Central Bank

Wednesday, August 8 / August 2012 - 20:58


(Alsumaria News) BAGHDAD - House Speaker Osama Najafi, Wednesday, for the formation of a parliamentary committee to verify the procedures for the central bank and identify flaws, and while he pointed to a complaint about the work of the Bank, emphasized that the Parliament is responsible Follow-up to the Central Bank.

Osama al-Najafi told a press conference held today at Parliament House and attended by "Alsumaria News", "House of Representatives formed a committee to verify the procedures for Central Bank of Iraq," noting that "the Committee composed of the President of the Economic and Finance Committee Chairman and the President of the BSA."

The Nujaifi that "the aim of formation of the committee is to identify the flaws in the work," adding that "there is a problem where sold every day around 300 million dollars in a few days more and there are complaints that these funds are not sold correctly and there is no complete documentation and some private banks manipulate the subject of sales, as well as a currency smuggling. "

He Nujaifi that "these issues should be terminated and address the situation of the Central Bank and ensure its monetary policy and the law enforcement and safety procedures to maintain fiscal balance Iraqi important and significant and ensure cooperation with the government," stressing that the latter "is responsible for fiscal policy and central bank monetary policy and the parliament is responsible follow-up to the central bank. "

He was a member of the Finance Committee in the House of Representatives Haitham Jubouri accused, on Wednesday (8 August now), political figures influential in the central bank to "smuggle ten million dollars a day to finance terrorism," warning of the collapse of the country's economy if the bank continued to sell $ 55 million annually, while the likely dismissal of central bank governor Sinan Shabibi if proven guilty.

He declared the Iraqi Central Bank, in (21 last May), from engaging in the Rafidain and Rasheed to sell the dollar for the citizens at 1189 dinars, saying that the goal of this step is to take advantage of Iraqi citizens directly from the exchange away from the monopoly exercised by the other.

The Central Bank of Iraq, in (27 last May), a rise of foreign exchange reserves to $ 63 billion, confirming that it is the largest in the history of Iraq, in what was considered that these reserves are still a few in a country lack of economic diversification.

The Central Bank of Iraq holds daily sessions for buying and selling foreign currencies with Iraqi banks, except for public holidays on which depends the World Bank for these auctions, and sales are either cash or in the form of remittances sold abroad for a commission of certain.


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