Cabinet constitute two committees to scrutinize the accusations against management of the Central Bank

Declared a member of the Knesset Finance Committee Abdul-Hussein al-Yasiri for the formation of two committees within the Council of Ministers to assess the work of the central bank after the accusations made against his administration, which was passed on the impact of an arrest warrant against the governor of the Bank

Previous Shabibi.

Yasiri said in a statement to the Baghdadi News that the First Committee vetting process will sell the dollar in daily auction for the sale of hard currency and the application of standards of transparency and professionalism in the management of that process, check the Second Committee whether to manage the bank's involvement in the high and low exchange rates in the country.

The Yasiri Committee Ataatard on the mechanism of action of the central bank being maintains the stability of exchange rates and financial trading in Iraq, but they are looking at suspicions and accusations of incorrect behavior in the work of the bank's management with respect to control exchange rates Some banks and monopoly rights to withdraw the currency from the bank, pointing out that these suspicions is still in the process of accusations and Atertqa to the level of condemnation and can not be verified until after the conclusion of the investigation.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh, said on Monday that the government's decision sacking Governor Sinan al-Shabibi and appointment of the Director of Financial Supervision temporary substitute him are decisions normal, provided that their motives are good, and stressed that the changes approved by the Council of Ministers during Tuesday's session did not Ttalh.

On opposes the formation of a committee whose members include representatives of the Ministries of Finance, Interior and Commerce with the principle of the independence of the bank as an independent body, said Deputy Governor of the Central Bank

"I do not consider it as interference in the work of the bank, no one interfere in the work of the bank, which has its own law, these committees procedural control and not, as long as there is good faith and serve the public interest, we with these decisions, provided that there are no deliberate intent."

He attributed Saleh said in an interview with "Radio Sawa" the causes of variation in the exchange rate of the dinar against foreign currencies during the past months to the American withdrawal from Iraq, and the problems of regional states and trade finance with them, in addition to spending Amo projects implemented by the provinces.

Saleh pointed out that the former central bank governor Sinan al-Shabibi did not return to Iraq after the end of the International Conference in Tokyo.

The government had decided to instruct the Director of Financial Control Department of the Central Bank temporarily pending the completion of investigations into the auctions, which was conducted by the bank to sell the dollar.


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