Iraqi accuses some political forces "trying to" independence of the central bank

Alsumaria News - 10/14/2012 - 11:22 AM


Alsumaria News / Baghdad

Accused the Iraqi List led by Iyad Allawi, on Sunday, some political forces "trying Nile" the independence of the Central Bank of Iraq, arguing that the independence of the Bank are necessary to maintain the exchange rate of the dinar and the protection of the currency and prevent inflation, while government held responsible for investigating money laundering and disclosure of beneficiaries them.

The spokeswoman said the Iraqi List, Maysoon al in a statement issued today, and received "Alsumaria News" copy, "The coalition in Iraq denounces targeting the Iraqi Central Bank and the attempts by some political forces to undermine the independence guaranteed by the Constitution and laws of Iraq and international," arguing that "the independence of the Bank necessary to maintain the exchange rate of the dinar and the protection of the currency and prevent inflation. "

He Damluji that "Iraq over the bitter experience in the nineties of the last century when collapsed currency between overnight because of policies reckless of the former regime", loaded with the government "responsible for investigating money laundering and detect the beneficiary before the public opinion and the announcement of the party that you are buying the dollar and withdrawn from Iraq's financial markets. "

Damluji called "punishing the corrupt, both at the central bank or any institution or ministry without prejudice to the reputation of the central bank governor Sinan al-Shabibi known at the international level for his national courage, competence and integrity."

The head of the House of Representatives Osama Najafi revealed, in (7 October 2012), the existence of suspicion of corruption in the work of the Iraqi Central Bank, while noting that the Council proceeded to achieve "depth" in the policy of the central bank since 2003, vowed to pursue the investigation "personally "the importance of the issue.

The MP for the coalition of state law Haitham al-Jubouri in (12 August 2012) for the formation of an investigative committee will visit the central bank and look at the records and the numbers, sales and people who earn hard currency, noting that the work of the investigative different from the Commission's work regulatory Council approved formation , which includes the heads of the financial and economic committees and BSA.

The Central Bank of Iraq announced, (11 August 2012), the high reserves of hard currency to $ 67 billion, confirming that these reserves are the largest in the history of Iraq, pointing out that these reserves is one of the monetary policy to reduce inflation in Iraq.

The central bank held the Iraqi daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a commission certain.

It is noteworthy that the pace of accusations escalated on smuggling currency that overshadowed selling prices dollar in local markets and led to increased exchange rate months ago, while deputies asked the need to take the initiative on the government to stop selling the currency in auctions the central bank, others stressed that Iraq is losing substantial funds by smuggled daily out of the border, despite the praise of many specialists in economic affairs on the positives of the auction to reduce inflation and to control the value of the Iraqi dinar.


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Uzmatk _ Iraqi List condemns targeting central bank


10/14/2012 11:00 AM


Denounced the Iraqi List, targeting the Central Bank of Iraq and the attempts by some political forces to undermine the independence of the Bank guaranteed by the constitution of Iraq and Iraqi and international laws.

Said Maysoon al-speaking on behalf of the coalition, the Iraqi official In a statement received "news agency Uzmatk" copy today Sunday that the independence of the central bank are necessary to maintain the exchange rate of the dinar and the protection of the currency and prevent inflation, particularly that Iraq over the bitter experience in nineties of the last century when the currency collapsed overnight because of the reckless policies of the former regime.

Damluji blamed the government responsible for the investigation of money laundering and disclosure of the beneficiary to the public, and the announcement of the party that you are buying the dollar and withdrawn from Iraq's financial markets.

Damluji stressed the need to punish all the corrupt, both at the central bank or any institution or ministry, without prejudice to the reputation of the CBI or the governor, Mr. Shabibi known at the international level for his national courage, competence and integrity.


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