Warns of economic collapse of the dinar because of the arrest warrant on the president of the Central and Calls for Investigation with companies and banks first

Economic expert warned of the repercussions of the arrest warrant issued against the governor of the Central Bank, which may lead to disorder in the currency market, and undermined confidence in the Iraqi economy and international institutions, and stressed the need to check the activity of companies and other banks first.

In the time in which it stressed the parliamentary Finance Committee on the need to deal saves rightful place of the Central Bank of Iraq, which reflects the sovereignty of Iraq, and regulates the monetary policy of the State and the country's economic front.

As revealed a member of the coalition of state law that the investigative problem by the House of Representatives has taken a decision to account the central bank governor, after having provided evidence of the judiciary, stressing that the allegations of political interference, does not make us silent in the face abuses and mismanagement and corruption the central bank for being an independent body .

Said Majid picture financial expert said in an interview with "The World" on Monday, "The implications of this accusation, which will lead to a negative impact on the management of the Central Bank, and the dealings of its own confidence in international circles, and the reputable obtained in international circles, and relationships institutions and the countries themselves, "warning that it" will lead to disorder in the currency market in the relations between Iraq and the international financial institutions, and to the lack of confidence of the Iraqi economy and its institutions. "

And between the picture that "this accusation was based on a report BSA that works based on some incidents and transactions and transfers in some banks, which bore the responsibility of the Central Bank, and claimed that the Central that checks the invoices submitted by the banks, not to be banks itself is responsible, and this is the concept of logic. "

He went on to say that "supposed to be investigated with companies and banks, and not with the central bank," adding, "Yes being investigated with individuals located in the bank, but this does not mean that accuses the entire enterprise."

In turn, showed Najiba Najib member parliamentary Finance Committee, that "institution central bank reflect the sovereignty of Iraq, and regulate monetary policy of the state and the interface the country's economic, and it was not supposed to be dealing with the central bank in this way, especially in these times."

Najib indicated in her speech with "the world" yesterday, that "administrative corruption exists in all aspects of the state, but dealing with the Central Bank representative province, is supposed to be kept rightful place for this monetary and economic institution in the state."

For his part, Abdul-Abbas estrus member of the economic and investment commission, said in an interview with "the world" yesterday, that "the House of Representatives has formed an investigative committee on the charges to the Central Bank, consisting of the Chairman of the Committee on the economy and investment, Finance Committee Chairman and First Deputy Speaker of the House , and BSA. "

And that the Commission Althakikh held several meetings the board of the Central Bank, the Governor and his deputy and members of the bank and other employees, following the receipt of information many of our Committee on auction, which saw a preference for some banks at the expense of the other, and back and a manipulation evident in the creation of a difference at the dinar exchange between the official price and trade, "revealing that" the Commission took the decision to hold the central bank governor after he met concerned with the subject, and after the submission of evidence to eliminate. "

And estrus said that "the investigative committee was balanced, and handled professionally and figures through information received from MPs and others, and recorded a defect Bank has produced this case," noting that "the Commission will leave it to the judiciary."

He pointed out that "there are documents submitted to the committee in charge of the investigation, and I personally, and I received a lot of documents, the most prominent is that the amounts spent on light remittances that come to buy certain goods, but bills and fake millions of dollars without importing goods, and was on the central bank that does not distract money for fake bills, or put a mechanism for exchange, and the bank was worthwhile to request ratification of the bill from the concerned authority, and the failure to pay any amounts to be approved invoices. "

He estrus that "several companies and senior bankers and banks civil quit her banking and tended to take advantage of selling the dollar and transfers, and got amounts in millions of dollars without effort or cost, as a result of mismanagement and poor organization at the Central Bank, as a result of money laundering as well."

On the issuance of an injunction against the central bank governor, he explained that "Not sure of the issuance of an injunction against Governor Sinan Shabibi or not, and in any case we are not questioning the Iraqi judiciary and its role", expressing his belief that "Shabibi announced his willingness to appear before the judiciary, which will darkens one, if he has evidence refuting them defend himself. "

Bahaa al-Araji, head of the Parliamentary Integrity Committee, confirmed the issuance of an arrest warrant against the central bank governor and a number of senior officials in the bank and other financial institutions.

He stressed estrus that "what happened from the difference between the official exchange rate and trade, which benefited from a slice of banks improperly and illegally, should not be left, and that's part of our role supervisory toward the central bank, and must put an end to this matter, both was mismanagement or poor planning or lack of experience. "

On the possibility of political interference to control the central bank, between estrus that "anyone who wants to accuse and explains things this way, and speaks of this self-claiming that there is political interference subject, these words do not make us silent in the face abuses and mismanagement and corruption the central bank, to being an independent body."

He said Ahmed al-Alwani Chairman of the Investment Committee and the parliamentary economy, that "differences dollar auction sale borne by others and not the central bank alone," calling for a "verification of the charges against Bank Governor Sinan al-Shabibi."

He stressed that "the report, which was prepared on the Central Bank of the breaches and clear, and bright-colored, concerning the submission of false documents."

Furthermore, confirmed the appearance of Mohammed Salih, Deputy Governor of the Bank in a statement to "the world" yesterday, that "Shabibi arrived today (yesterday) to Iraq, and had no knowledge of the note judiciary," noting that "will respond to the charges immediately after studying the subject during the next two days, where bank officials had not seen any of the details of the note or the charges. "


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