Acting CBI Governor Turki meets with civil bank managers

Saturday, 20 October, 2012

BAGHDAD (Iba) .. Governor of the Central Bank began acting Abdul Basit Turki done to hold an expanded meeting with managers of Commissioners for civil banks on Thursday after a source revealed to Okaltena for the issuance of arrest warrants for General Managers of those banks.

A source familiar with the Turkish trading with the audience the work of private banks, stressing that there would be another meeting next month.

Turkish and asked managers to provide him with the problems from which they suffer, except for them to take the necessary measures to restore the confidence of the Iraqi citizen civil banks.

The source noted that the Turkish confirmed to come to the probability of the return Governor of the Central Bank of the suspended Shabibi still list.

The Council of Ministers decided to stop Shabibi work and commissioning Abdul Basit Turki managed by the Iraqi Central Bank suit based on the report of a parliamentary investigative committee indicated the existence of violations in work Abpennek particularly regarding foreign exchange auction held by the bank every day.

The informed sources revealed to Okaltena for the issuance of arrest warrants for all managers of private banks in Baghdad and the provinces on the back of orders issued arrest Shabibi and 13 of the directors of departments and people of the Central Bank of Iraq.

The sources added that the issuance of arrest warrants against these comes because Misconceptions about major operations to money laundering and smuggling of foreign currency abroad through the direct participation of more than 10 banks civil and indirect in the sale Ataran through auctions the central bank’s controversial within political circles and economic development.

The source pointed out that a state of anticipation and fear prevail atmosphere of the work of those banks, which led to Shell dealings and stagger in their work and the likelihood of dislocation in the exchange rate of the U.S. dollar over the Iraqi dinar.


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