*****Parliamentary Finance: Committee formed to monitor the work of the central bank will raise its report to the Commission on Public Integrity .. And the presence of significant corruption in the sale of hard currency

Date: 10/10/2012 10:39:07 Wednesday



Baghdad (news) .. According to a member of the Finance Committee MP / National Alliance / Magda Tamimi, that the committee formed to monitor the work of the central bank completed its final report on the sale of hard currency, pointing to the existence of a large financial corruption in the central bank auction for the sale of hard currency.

Said Tamimi (of the Agency news) on Wednesday: The Presidency of the Council of Representatives form two committees, one permanent and the other temporary monitor the performance of the central bank, indicating that the permanent consists of two deputies in the Finance Committee, while temporary consists of mainly the Finance Committee and the Committee of Economy Alniabaten and Chief of Staff financial control.

She added: that the Interim Committee submitted its report to the Presidency of the Council of Representatives regarding the sale of hard currency in the central bank auction and now the process of raising the report to the Public Integrity to take legal procedures regarding this, saying that the report prepared proved the existence of financial corruption large in the process of selling hard currency and person cases and the names involved in the sale of the currency at the central auction involved so.

She explained: that the report pointed to the existence of the names are repeated dealings with the central bank auction day ie there is a proprietary process to sell the dollar in the auction and this will lead to sabotage the national economy and may not legally be dealt with decisively in the coming days.

She: that every financial institution gets the corruption but the central bank turned out to be a corruption of a very large, especially when changing Iraqi dinar exchange rate against the dollar point or two points (any point means the dinar) This, when combined will become large sums lose the country every day and there are people gangs benefited much of this change happening at currency.

And said: that the permanent committee formed to monitor the performance of the work of the central bank in terms of its disadvantages and advantages will report during the next two weeks to the Presidency of the Council of Representatives to see the performance of his work in general.


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Uzmatk _ central bank calls to publish the results of the Committee responsible for monitoring the work 10.10.2012 12:45 pm

Uzmatk _ Baghdad _.

Asked the central bank to publish all the results of the Committee responsible for monitoring the work of the bank formed by the House of Representatives, with confirmation that the Bank said Committee has conducted its investigation and reached results with the complete absence of the opinion of the Central Bank and his ignorance of the issues that were investigated.

Said Bank statement issued on Wednesday and received "news agency Uzmatk" a copy of the House Speaker Osama Nujaifi Said when he received the Governor of the Iraqi Central Bank on 06.10.2012 that there is a need to investigate the bank transactions in the foreign currency market Also There is a need to view the subject of this transaction on the Integrity Commission.

The statement stressed that while the show where the central bank respect the decisions of the House of Representatives and the government and shared in the concern for the public money it confirms at the same time its readiness to cooperate with regulators to diagnose shortcomings with its focus in the defense of his works and achievements, particularly in the field of exchange market and the stability of this market The fight for inflated prices with an explanation of all the concepts on which the foreign currency auction, which is considered one of the monetary policy instruments and based on the provisions of the Constitution and the law of the Central Bank in force.


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