How can this be? I am going to post 2 articles and you make your on dicission

Najib: offenses against the central bank on اتتعلق corruption and arrest warrant Shabibi damaged the international reputation of the bank

Wednesday, October 17 1 / Okrudolf 2012 14:03



[Baghdad - where]

Confirmed a member of the parliamentary Finance Committee that the irregularities relating to the management of the central bank did not include files of financial and administrative corruption.

Said committee member Najiba Najib, told all of Iraq [where], "The files that relate to the management of the Central Bank does not include corrupted files, but irregularities disciplinary concerning the work of the bank on the exchange rate and financial transactions, so the House of Representatives to take a strong stance and firm towards the suffering of the Bank of political pressure because they affect the sovereignty of the country and the national economy, and that the action taken against the province dropped the bank's reputation and confidence in the markets and global financial institutions, even if he has to address the problem. "

It added that "the central bank has a reserve of cash estimated 63 billion dollars, and the money in light of a push by some of the parties that are trying to dominate and control the resources of the state and make it party, however, and a specific destination, is raising doubts and must stand with him."

She Najib surprise "of stirring file corruption at the central bank, even though we do not say that he is free from suspicions of corruption, but restrict them in this important institution without other institutions in the executive branch, which is witnessing a lot of operations financial and administrative corruption, what is only targeting a clear stand behind certain purposes intended to control and acquisition of state institutions. "

The arrest warrant issued, in suspended earlier, right Central Bank Governor Sinan al-Shabibi and a number of officials in the bank charges relating to corruption and financial manager, where there was international intervention and a local by the United Nations Mission in Iraq and the U.S. embassy in Baghdad, in addition to the intervention of the Presidency and some leaders political blocs, and prompted President of the Supreme Judicial Council Medhat al-Mahmoud intervene and who was not aware of the arrest. "

The source said that "Shabibi Maliki's request three years ago sacked four managers in the management of the central bank, because they are responsible for what is happening corruption in the bank, but the latter rejected this demand," adding that "a magistrates issued then note the arrest of Shabibi without find out the reasons, but prevented it move by the United Nations Mission in Iraq and the U.S. embassy in Baghdad, in addition to intervention presidency and some leaders of political blocs, and their claim Chief Justice Medhat al-Mahmoud intervene, and who did not know the arrest warrant, "adding that" President of the Supreme Judicial Council, and having knowledge of the subject, issued an order to cancel the arrest warrant and rebuked the judge who issued and decided to punish him, returned arrest Governor of the Central Bank that affect the country's sovereignty. "ended 2.


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Rise in central bank sales of the dollar at an auction Wednesday
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Baghdad / Obelisk: central bank sales of the dollar in the auction on the sale of foreign currency, Wednesday, about $ 288 million versus $ 267 million recorded at an auction Tuesday, the exchange rate basis was 1166 dinars per dollar.



The bulletin issued by the Central Bank of Iraq that "the total volume of demand on the dollar stood at 288 million and 480 thousand dollars, fully covered by the central bank at an exchange rate basis was 1166 dinars to the dollar."



And distributed bank sales by 29 million and 480 thousand dollars in cash, and 259 million dollars in the form of remittances fully covered by the bank foreign exchange rate was 1179 dinars per dollar, including the commission of the Central Bank amounting to 13 dinars per dollar.



The special bulletin pointed ERA Bank that "the 28 banks participating in the auction today did not make any offers to sell the dollar."

Referred to the Iraqi Central Bank held five sessions in its weekly auction from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar.


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