Iraq warns of loss of confidence in the Iraqi economy because of the method of dealing with the Central Bank

Alsumaria News - 10/16/2012 - 12:54 pm


Alsumaria News / Baghdad
Confirmed the Iraqi List, Tuesday, and a political agenda seeks to demolish the country and not make it in the foreground, while criticized talk of arrest warrants against the central bank governor over media leaks, warned the loss of confidence of the world the Iraqi economy because of the method of dealing with the issue of the central bank.

The spokesman said the list Haider Mulla said in an interview for "Alsumaria TV," that "there is a political agenda want to demolish Iraq and did not remain tops anything", criticizing the "talk about the existence of arrest warrants against the central bank governor through media leaks."

Mullah warned that "the confidence of the world shaken the Iraqi economy if dealing with such sensitive files in this way."

He was a member of the Committee investigative on the work of the Central Bank of Haitham al-Jubouri said, the first on Sunday, (14 October now) the issuance of arrest warrants and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and is regarded as the survival of the conservative abroad will prove corruption charges.

It quoted a number of media, the first Sunday (14 October 2012), sources monitoring the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi corruption charges, pointing out that Shabibi fled abroad after the issuance of the note, with the bank denied the news, stressing that the governor is currently involved in an annual conference in Tokyo and will return to Baghdad on Monday, (October 15 current (.

The Finance Committee in the Iraqi Council of Representatives demanded, on Monday (15 October 2012), Central Bank Governor indictees providing evidence, while some expressed the fear that the accusations were "politically targeted" for the bank.

And accused the Iraqi List led by Iyad Allawi, the first Sunday (14 October 2012), 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 responsibility investigation into money laundering and disclosure of beneficiaries.

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 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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