Economic Commission reveal throughout the host central bank governor

19/08/2012 02:21
BAGHDAD / Center Brief for the Iraqi Media Network revealed Deputy of the Economic Commission for parliamentary postpone hosting the central bank governor until the end of the work of the regulatory problem of the sale of the currency.

A member of the Committee for Rikabi Ibrahim (center Brief for the Iraqi Media Network) The Committee postponed a host central bank governor to be able to see directly on the events of the bank selling the currency.

He added that "the Commission will rely on the results of this work also parliamentary committee to monitor the problem selling the dollar at the Central Bank."

The form of the House of Representatives parliamentary committee made up of the economic and investment commission to proceed with its work after the holiday to monitor the operations of selling the dollar at the Central Bank.

And was scheduled to host the Central Bank Governor Sinan Shabibi on accusations by deputies of the Central Bank of corruption and money laundering in an auction sale of the currency.



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The formation of a parliamentary committee to monitor the operations of selling the dollar at the Central Bank

Sunday, August 19 / August 2012 10:41



Twilight News / Economic Commission revealed the parliamentary, Sunday, for the formation of a committee to monitor the operations of dollar selling by the Central Bank of Iraq, pointing to the presence of foreign companies have a negative activity on the Iraqi economy.

A member of the Economic Committee in Parliament MP Ibrahim Rikabi for "Twilight News" that the economic and investment commission in the House of Representatives will form a special committee to start its work after the holiday to monitor the operations of selling the dollar at the Central Bank.

He added that "the Commission will brief on the ground and open bank auction records and selling access to companies that are buying the dollar and whether these companies are introducing goods and commodities of the country compared to what you buy one currency or not?"

And between Rikabi that "there are fake companies enter the central bank auction," likely "linked to regional countries to influence negatively on the Iraqi economy."

The charges leveled by the deputies in the parliament to the Central Bank the existence of corruption and money laundering in an auction sale of the currency.

The student member of the parliamentary Finance Committee Haitham al-Jubouri the direct intervention of the Presidency Council of Representatives to stop the "bleeding hard currency and money laundering in the auctions CBI."

Jubouri said at a press conference, earlier, that "serious information, and many are available for significant violations got and get a day at the central bank, caused by the control of mafias from inside and outside the bank and limited companies on the auction sale of hard currency, in addition to the lack of seriousness in activating the Anti- money laundering No. 93. "

The CBI said, last week that the sale of the dollar to the banks intended to withdraw liquidity from the market as is the case in the majority of the world's central banks. "

The bank said in a statement received "Twilight News" copy of the majority of the markets where the price of an official price parallel, the World Bank seeks to minimize the difference between the two rates through the inspection teams, to comply with the instructions of the Central Bank, which sells the dollar to all government and private banks and branches of foreign banks, and not to the banks of civil only ".

He noted that the policy followed by the Bank since 2004 and so far is one of the successful policies, as it led to the reduction of inflation from 50% to 5.8% and a drop in prices and stability as a result of tools that were in place, which were represented investment and deposits for maturities 7, 14 and 30 days of the dinar, in addition to invest Night and deposits of maturity / 7 and / 30 and / 90 / days for the dollar, "noting that the bank canceled the tools mentioned except deposits of the order 7 days of the Iraqi dinar only to encourage banks to grant credit for industrial projects, agricultural and residential.

He pointed out that this monetary policy was welcomed by the International Monetary Fund.


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