#######Finance Committee: action against the Central Bank suspended the project to delete the zeros

JD - 10/31/2012 - 1:40 pm


BAGHDAD / JD / .. Parliamentary Finance Committee ruled implementation of Hvz process three zeros from the Iraqi currency next year after the recent actions that took place in the central bank.

Said committee member bloc MP citizen Faleh Surrey / JD /: "The recent actions, which affected the central bank suspended the project to delete the zeros from the currency, which was scheduled to be discussed early next year."

The Surrey, that the Finance Committee had decided earlier to have the currency exchange in June next year, the World Bank emphasized the replacement, put the beginning of the year, and accusations of corruption, which affected bank officials postponed it until further notice.

The Central Bank of Iraq, predicted delayed launch of the new currency early next year due to the existence of developments and talks with the government.

The Prime Minister Nuri al-Maliki demanded earlier with the bank to wait in a currency switch and put it in the first of January 2013.

He said Central Bank Governor Sinan al-Shabibi in an earlier statement / JD /: "The launch of the currency early next year is uncertain due to the recent discussions and talks with the government."

Shabibi said "It would be great in the cooperation process with the government."

The central bank governor pointed out that the ongoing process of switching the currency, and previous appointments to put lingering but may delay developments.

The bank had said earlier / JD /: "The launch of the new currency will be 01.01.2013 Despite the demands of the government to slow down the process put forward."

Bank drew a formal letter to the Council of Ministers explaining the pros switch currency on the market and the money supply and increased exchange rate and other issues.

It is noteworthy that the judiciary has issued an arrest warrant for Shabibi Iraqi Central Bank Governor Ali financial background suspicions.

According to the report submitted by the committee overseeing the central bank, which included both of the heads of the two financial, economic and BSA under the supervision of First Deputy Speaker of Parliament Qusay al-Suhail: that investigations proved the existence of sale of foreign currency to banks and corporations themselves and that has smuggled to neighboring countries.

The Council of Ministers decided to assign Chairman of the Board of Supreme Audit Abdul Basit Turki management position of Governor of the Central Bank and the agency, with the issuance of the Judicial Council arrest warrant against former central bank governor and a number of officials in corruption cases .. / end / 11 N /


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