Deputy for the rule of law: the Council of Ministers studying the replacement of a Shabibi

Tuesday, October 23 / October 2012 - 20:09


(Alsumaria News) BAGHDAD - MP for the coalition of state law Ihsan al-Awadi, Tuesday, that the Council of Ministers studying appointed Governor of the Central Bank to succeed Shabibi, while noting that the issue of the latter is still under investigation, confirmed that the appointment of the conservative current proxy action "temporary" .

He said al-Awadi said in an interview for "Alsumaria News", "the Council of Ministers is currently considering a number of names to choose one of them to take over as governor of the Iraqi Central Bank to succeed Shabibi," noting that "the House of Representatives is expected one of these names for a vote."

Awadi pointed out that the "Shabibi issue is still in the investigative phase of the Iraqi judiciary," stressing that "the appointment of the current conservative proxy temporary measure."

The Iraqi List, revealed in (18 October 2012), to provide the Prime Minister Nuri al-Maliki request to House Speaker Osama Nujaifi allowed for the prosecution's central bank governor estranged from his Shabibi and a number of employees of the bank in accordance with Article 340, arguing that the speed in taking this step considered as interference in the work of the legislature, and affect Iraq's foreign economic policy of relations with the World Bank and other economic institutions.

The Iraqi Cabinet decided, in (16 October 2012), the prime BSA Abdul Basit Turki take over as Governor of the Central Bank and the Agency.

It quoted a number of media, in (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, saying that Governor is currently involved in an annual conference in Tokyo and will return to Baghdad.

And was a member of the investigative committee on the work of the Central Bank of Haitham al-Jubouri confirmed, (14 October now) the issuance of arrest warrants and travel ban against Central Bank Governor Sinan al-Shabibi and officials at the bank, and what was seen that the survival of portfolios abroad will prove corruption charges.

And demanded that the Finance Committee in the Iraqi Council of Representatives, (mid-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, in (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 responsible for investigating 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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